China will remain major manufacturer despite change, expert says

01/30/2013 | OpenMarkets.com

Labor and other business costs are rising significantly in China, but that doesn't mean the nation will lose its position as a dominant manufacturer, says Shaun Rein, founder and managing director of China Market Research Group and author of "The End of Cheap China." China aims to boost worker productivity as wages increase, he says. "What you will see more of is factory relocation within China to take advantage of lower land and wage costs," Rein said.

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