China Wage Levels Equal To Or Surpass Parts Of Europe

[TaiShang]

China is world factory. There are many reasons that make things cheaper. For instance, industries centralization effect, scale effect. And there is big room for China to improve in order to maintain its price advantage. For instance, higher standard infrastructures, higher working efficiency, introducing more robots.

Also add a complete industrial manufacturing chain. This is a priceless opportunity for mamnufacturers that helps them reduce cost. A world-class infrastructure and logistics help, as well.

Hence, rising wages are not making much pressure, on the contrary, it encourages spending on those products that companies produce.

That is virtuous cycle for China.

 

[Beny Karachun]

Minimal wages? If so manufacturing cheaply will become harder.

 

[Zsari]

But now when the wages become equal after sometime the wages will become higher than Europe right? So how can it be done cheaper then ?

Is something wrong in my understanding ?

Volume and productivity.

 

[beijingwalker]

New norm.

AUG 4, 2017 @ 04:52 PM 85,221 12 Stocks to Buy Now
China-Like Wages Now Part Of U.S. Employment Boom
https://www.forbes.com/sites/kenrap...now-part-of-u-s-employment-boom/#7f7d9789128a

 

[Viet]

One word: effectiveness.

Effectiveness is combination of various factors: worker high quality, high quality education, workers' discipline, superb infrastructure, good management skills, support from government etc.

Even Chinese wage is higher than that of German, I would doubt manufacturing will ever move back to Germany. Chinese is simply more effective and of higher quality.

Ok I don't know much of Chinese companies and their workers ethic in China, maybe @Carlosa knows better and let's forget for a while Chinese companies operating in the West, have you ever worked with Chinese in a western company? If you do you won't say such silly thing. The Germans would fall from the chair by laughing.

 

[AnnoyingOrange]

Wrong.

Read this :
http://www.reuters.com/article/us-usa-china-trade-idUSKCN0XB1UQ
https://uk.reuters.com/article/usa-china-aluminum-idUKL1N1KU22J
if you can open the link in China.