Arthur Kroeber |
Euro Money:
Arthur Kroeber, non-resident fellow of foreign policy at the Brookings-Tsinghua Centre in China, is dubious of the affects of rising wages in China on American employment rates.
“The hourly labour wage-rate in the US is approximately $34 to $40,” says Kroeber. “In China, it’s about a 10th of this, at around $4 to $5 an hour. Even if Chinese labour costs are rising at around 15% per year, the large w age gap betw een China and the US w ill remain for much longer than predicted by the Boston Consulting Group.
“Inflation and rising interest rates in China will affect foreign investment in the country, but the Chinese government has planned for this. Investment will slow dow n in comparison to previous years, but it will still remain relatively high. “Much Western investment and manufacturing in China is geared tow ards a Chinese market, thus there is little reason to move Western investment out of China.”More in Euro Money Arthur Kroeber is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.
Related articles
- Two different ways to look at a currency - Arthur Kroeber (chinaspeakersbureau.info)
- China: expected to continue economic growth - Arthur Kroeber (chinaspeakersbureau.info)
- No market forces for the Renminbi - Arthur Kroeber (chinaspeakersbureau.info)
- Why cutting income tax does not mean much - Arthur Kroeber (chinaspeakersbureau.info)
No comments:
Post a Comment