In addition, for louis vuitton bags magazine "imported from louis vuitton bags United States to China's major chopsticks are irony" view, net friend "Pucker" said: "in louis vuitton bags 1960 s, we make all of high-tech equipment, China for our production in 2011. But chopsticks, China is to make all our of high-tech equipment, but we in louis vuitton bags production of chopsticks. This is indeed a satire."
Manufacturing wages rise rapidly
louis vuitton bags United States production for export to China incident to many chopsticks americans infinity, time magazine comments on louis vuitton bags United States for even great ironies, but analysts say louis vuitton bags irony is not aimed at chopsticks itself, investigate its real reason is China's manufacturing wages rise rapidly.
On June 19, louis vuitton bags Times published, called "China's cheap labor age ends" article, in guangzhou factory 22 years of American businessman Charles ha booth in this paper said they are considering to Cambodia, because louis vuitton bags Chinese labor factory prices are let his company losing competitiveness. A similar phenomenon is not rare, last year a years, many multinational companies and Chinese companies have expanded or moving to louis vuitton bags west of louis vuitton bags cheap labor force. louis vuitton bags article quoted south China louis vuitton bags United States chamber of commerce President harry Isaiah's words, "China ding louis vuitton bags era of cheap labor is over."
Goldman sachs chief economist in Hong Kong, China QiaoHong said that in louis vuitton bags past 10 years, Chinese factory workers real wages grew by nearly 12% per year. In April, louis vuitton bags U.S. labor statistics bureau report, 2002 to 2008, China's manufacturing actual paid doubled in louis vuitton bags United States, and just 20%.
China's cheap labor end is not necessarily a bad thing
Western media analysis says, louis vuitton bags rise of louis vuitton bags manufacturing wages, louis vuitton bags result is cheap manufacturing gradually began to more cheap place to labor transfer. But louis vuitton bags Times, points out, China's cheap labor end is not necessarily a bad thing. BLS data showed that, despite louis vuitton bags rising labor costs, in 2008 China manufacturing wages still only about 4% of louis vuitton bags equivalent to louis vuitton bags United States. louis vuitton bags economist KanWen points out, most of China's industry salary still don't high. At louis vuitton bags same time, labor salary hikes have not reduce profits, or driven away investors. China's commerce ministry released louis vuitton bags latest figures show that although louis vuitton bags may reduce louis vuitton bags investment from louis vuitton bags United States, but from Asia and louis vuitton bags European Union investment in louis vuitton bags increase.
Wage increases mean that Chinese pocket have more money. China's major trading partners so profits, they are eager to China increase consumption to reduce louis vuitton bags huge international trade imbalance.