Increased Labour Costs Could Bankrupt 9 out of 10 Chinese Companies

#Money

Tue, Aug 10th, 2010 10:00 by capnasty NEWS

Patrick Chovanec, of The Daily Crux, argues that while stimulus projects in China's interior provinces have created a short-term crunch in the overall Chinese labor market, the long-term challenge -- and the reason behind rising wages and labor unrest -- is a long-standing shortage of more skilled, experienced workers, a bottleneck which is growing more serious. Check out his articles here.

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