Slow appreciation for manufacturers to gain time
British policy, which allows manufacturers headquartered in China have created a strong sense of déjà vu.
the People's Bank of China and the U.S. dollar last decouple the yuan in 2005, a move for the yuan against the dollar in three years and gradually create the conditions for the appreciation of 20%. realignment of exchange rates that coincided with the period of wages and raw material costs, factory owners are so there is extra motivation, consider at least part of the business to relocate to cheaper areas in Southeast Asia.
Tang Nader b Sea (Donald Hay) of the family business in Guangdong Province produces household cleaning and electronics. when he considered the choice they face, the final decision to stay behind. China's core strengths mm mm labor productivity and infrastructure than the short-term more important cost considerations.
the occasion of the global financial crisis began, the People's Bank of China decided to stop the RMB against the U.S. dollar climbed slowly but steadily, further proof of his decision is correct.
This time, however, the sea is not so identified. RMB exchange rate, will increase the RMB exchange rate This will Gongchang for valuable time, especially when their efforts to solve more pressing problems, such as the availability of Chinese labor and the growing unrest. recent Honda (Honda) three suppliers in Guangdong strike, leading to a wage increase 20% 30%.
; many people survived the last round (yuan), But they also know that hh can meet the (statement) will be released. Even more worrying is how to hire workers.
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