Wednesday, July 03, 2013

Rising wages and aging population in China

A recent article in BusinessWeek details the rising salaries in Chinese factories. In 2012, 25 provinces increased wages by an average of 20,2%. The article describes how large manufacturers like Fox Conn and Flextronics move inland for lower wages, but also because there are more workers available. BusinessWeeks points out that, according to China Bureau of Statistics, the number of working-age Chinese in 2012 fell by 3,45 million – due to the aging of the population.  

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