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Friday Quiz: Wage Inflation in China (March 24, 2006) 
Q. Wages in China are rising; what is the annual percentage increase?
A. Wages are rising by approximately 10% annually throughout China. Regionally, wages rose by 12% in the Nanjing area, 10% in Suzhou and 9% in Beijing. Wages have risen as much as 40% per year as factories try to lower turnover and retain qualified workers. Q. How much did the price of imports from China rise last year? A. The price of imports from China actually dropped .4% last year. Q. How long can wages rise by 10% annually before prices of Chinese goods reflect those higher costs? A. Unknown, but companies with rising expenses must eventually either raise the price of their goods or go out of business. Source: BusinessWeek, March 27 edition 
copyright © 2006 Charles Hugh Smith. All rights reserved in all media. I would be honored if you linked this wEssay to your site, or printed a copy for your own use.
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