Don’t You Dare Call China Price Increases Due to Labor Costs Inflation in the US!

Okay so, the writing is on the walls, China’s labor rates are going to increase finally. I say finally because with the Chinese currency being manipulated downward the nation had a great advantage in trade, almost to the point of being called onto the carpet at the WTO by its biggest trading partners, nations like the US that remain its exporting mainstay and for the most part the reality of their successful economic rise. And what a rocket ship the Chinese economy has been too, 10% year-over-year growth for; get this – three-decades!

Original post by News-and-Society:Economics Articles from EzineArticles.com

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