本帖最後由 peter236 於 2010-5-29 19:21 編輯
回復 22# MoiRhapsody
You need to grasp with the new situation in China. The Chinese economy is more dependent on local consumption than on export. Therefore, rising local wages is becoming less of a factor. For example, China is the largest car market and largest cellphone market in the world. There are other service industries like finance, insurance, eduation etc that are expanding rapidly. The service industry was underestimated and is still underestimated in China, due to their outdated way of counting certain service industries. Their GDP were revised markedly upwards because of adoption of better accounting techniques.
As time goes on, the quality of Chinese brands will become better. Therefore, even if local wages become more expensive, China can still export their high quality products. Investment by foreign manufacturers will become less of a factor since local Chinese manufacturers will increasingly dominate the economy. |