News that 13 Chinese provinces and cities are to raise the minimum wage, coming after the announcement of a “flexible” currency policy 10 days ago, is promoting speculation that the mainland economy is on a downward slope as it is forced to abandon its competitive advantages in labour costs and the undervalued yuan. This is wrong.
The wage increases are caused primarily by a significant geographical shift in manufacturing. As new jobs are created in central and western China,...
Sorry, you do not have access to this page because you are not logged in.
If you are not a subscriber or a trialist and you want to discuss how to access our work please:
Trusted Sources helps clients identify investment opportunities in emerging markets, exploit them with greater confidence and stay alert to associated risks.
Learn more about our approach, our team and our research, as well as our media appearances.
