Tom Orlik, Made in China Is Getting More Expensive. Wall Street Journal, Aug 11, 2012 (in the half page Heard on the Street)
http://online.wsj.com/article/SB ... 80720899007852.html
("China's export growth peaked in 2004 at 35.4% year-on-year. Since then, costs for manufacturers have increased across the board. Average wages have risen more than 150%. Land prices have risen more than 70%. Nate Taplin, China energy analyst at Dragonomics, says electricity prices are up more than 30%. Compounding woes for exporters, the yuan has appreciated more than 30% against the dollar") |