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Are “China prices” becoming yesterday’s trade story?

06 January 2012 09:52

"The China Price" were once the three scariest words in U.S. industry. Plentiful Chinese labor kept down costs of a range of goods bought by Americans.

However, RMB has appreciated 23% against the US dollar since the Rmb regime changed in 2005. In tandem, wages have been rising rapidly since 2009, heralding the possible end of an era of cheap goods.

Manufacturers on the Chinese mainland are under immense pressure to stay profitable, while maintaining their export price competitiveness.

Is it the end of the “China price” story? Pansy Yau, HKTDC Deputy Chief Economist tells you the other side of the story.  Read More

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