By Barry in 'The China Sourcing Blog'
Low labor costs have been a crucial element of China's low cost country sourcing advantage. Yet in the course of this year a series of strikes and labor shortages in China have to some observers heralded the end of the era of 'cheap' China. Salary increases have supposedly become common in China's manufacturing sector—high-profile increases at firms like Hon Hai and Foxconn have been prominent examples of this. (For more detailed analysis on these developments this year, see this article by the Wall Street Journal's Andrew Batson and Norihiko Shirouzo).
The China Sourcing Blog is THE BEIJING AXIS online media platform to track the latest trends on sourcing and the Chinese economy. Taking on a multi-faceted, dynamic subject and carefully scanning everything from the mainstream media to the distant corners of the Internet, CSB strives to get to the bottom of all the best bits and pieces on China sourcing.