China's Labor Cost Advantage

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Diamond Model and Clusters > Forum > China's Labor Cost Advantage

China's Labor Cost Advantage
Peter v G.
Many people believe (as I did) that China has a clear cost advantage in manufacturing from cheap labor. Not so according to Research conducted with funding from the Alliance for American Manufacturing...
In China's steel industry, large government energy subsidies are actually responsible for keeping steel prices down. In 2007, energy subsidies to Chinese steel reached $27 billion. Labor costs account f... Read more? Sign up for free
 

 
Industrial Chain
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