China's reform and opening up the initial take-off of the economy depends on manufacturing this engine.

It can be said that the world's developed countries, without exception, with manufacturing Cheap Jerseys Dongfeng rise in today's world economic pattern formation process is directly related to the pace of transfer of the manufacturing sector.

While China's labor-intensive manufacturing in the ascendant, and upgrading the industrial structure is still in embryonic form in a special moment, the phenomenon of manufacturing jobs has come early. Its competitors are most representative of the two countries, India and Vietnam while the most direct incentive to rising labor costs in China.

It is understood that about 60% of the total expenditure of processing (such as textiles, toys, Cheap NFL Jerseys shoe-making) enterprises, labor costs accounted for the minimum wage increase on the impact of such enterprises. Since the 2004 national shortage of migrant workers, the wages of migrant workers absorb the largest amount of Chinese labor-intensive manufacturing industry increased significantly. Pearl River Delta, for example, in 2006, Shenzhen, Dongguan minimum wage compared to 2004 increased by 33% -53% absolute increase in the amount of $ 200-240. Due to cost pressure, the phenomenon has caused a lot Wholesale NFL Jerseys of people worried about the manufacturing and enterprises have moved overseas.

Vietnamese labor costs are lower compared to China by half. Since 2000, Vietnam's manufacturing industry an annual growth rate of 11%, including the number and scale of the foreign manufacturing sector increased year by year, has been known as "China". 2008 will start in Ho Chi Minh City, Vietnam, NFL Jerseys the investment amounting to $ 1 billion Intel chip plant, as well as Canon, LG and other companies in the country's investment should arouse the vigilance of the industry.

India has successfully established its own "world office" image, the manufacturing sector of the country to Cheap NFL Jerseys force the construction of the next target. According to "Financial Times" reported on July 4, the primary labor force in India is 30% lower wages compared to China. The textile industry is expected to become an important development of the country's labor-intensive manufacturing industries.

"World factory" Whispering other stores?

Former Morgan Stanley chief economist Andy Xie said that China has entered a "quasi-Lewis turning point" Wholesale NFL Jerseys in an exclusive interview with "Chinese world" magazine can not be established, the 16-18 year-old low-level labor supply in China is still adequate, the lack of market isexperience, highly skilled workforce. China the main reason for the rising labor costs, is not the increase in human capital value content, a substantial Cheap Jerseys increase in the quality of the population, but rather the cost of living increase, resulting in the minimum wage rise. Unless the price of land, energy and other necessities