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Production Costs Climbed &Nbsp, And Shoes And Other Intensive Industries Were Gradually Moving Out Of The Mainland.

2011/2/18 14:34:00 63

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February 18th, the Financial Times reported, including

footwear industry

textile industry

In recent years, factories such as low profit margins and labor-intensive industries have been migrating from mainland China to Vietnam, Bangladesh, Kampuchea, Indonesia and so on.

According to the statistics of the International Labour Organization (ILO), the annual salary increase of mainland labor in 2000 was 12.6%, much higher than that in Indonesia (1.5%) and Thailand (0%) in -2009.

The RMB exchange rate will appreciate to 6.5 in the next 6 months; 29%, it is expected that the renminbi will appreciate to 6.432011 years in February 17th. The exchange rate between the US dollar and the RMB in the inter-bank foreign exchange market will be RMB 6.5800 yuan to 1 US dollars, and RMB exchange rate will be set up.

July 2005

Foreign exchange reform

New high.

In response to the appreciation of the renminbi, 54% of respondents said they would increase the proportion of purchases outside the mainland market.

57% of them indicated that India would be an alternative to the mainland.

31% of respondents said they would increase their purchasing power to Vietnam.

According to global resources, the price of Vietnam made garments is about 30% lower than that of the mainland.

Another 30% said they planned to increase their share of procurement in Thailand.

The high-tech industry is no sign of moving out of mainland China.

The Wall Street journal Internet edition reported last September 6th that Terry Gou, chairman of Hon Hai (2317), said in an exclusive interview that mainland China will still be a global manufacturing center in the next 20 years.

Hon Hai Group has a production base in Czech, Hungary, Russia, India, Malaysia, the United States, Mexico and Brazil, but Terry Gou says no country is comparable to the mainland from the perspective of labor cost and infrastructure.

The Wall Street Journal reported that US Treasury Secretary Geithner pointed out at the US Senate Finance Committee hearing on February 16th that inflationary pressure may have forced the mainland of China to make a resolution to let the renminbi appreciate.

Geithner pointed out that inflation, RMB exchange rate and wage levels continue to rise will change the competitive situation of the mainland and the United States, and the mainland will no longer be the best choice for us enterprises to build factories.