China’s man­u­fac­tur­ing costs ‘no ad­van­tage’

China Daily (Canada) - - NEWSCAPSULE -

China no longer has an ad­van­tage in la­bor costs due to in­creases in man­u­fac­tur­ing wages in re­cent years, ac­cord­ing to a re­port.

The study, con­ducted by the In­sti­tute of In­dus­trial Eco­nomics with the Chi­nese Academy of So­cial Sciences, said pay in China’s man­u­fac­tur­ing in­dus­try had seen sub­stan­tial growth, far ex­ceed­ing that in South­east and South Asian coun­tries.

Av­er­age pay for a worker in Shang­hai is $495 per month, dou­ble the wage for Jakarta, three times that in Hanoi and 1.88 times that of Mumbai, the study said.

But the big in­crease in man­u­fac­tur­ing costs is un­likely to con­tinue in the next few years when China will give more pri­or­ity to eco­nomic up­grad­ing and re­struc­tur­ing it noted. (Photo 5)

TONG YU / ASIANEWSPHOTO

A hat of Napoleon’s is shown at an ex­hi­bi­tion in Tian­jin on Dec 9 as part of ac­tiv­i­ties mark­ing the 50th an­niver­sary of Sino-French diplo­matic re­la­tions. The ex­hi­bi­tion fea­tures 208 items, in­clud­ing oil paint­ings and doc­u­ments, that show the life of Napoleon.

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