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China has become Africa's largest trade partner and has greatly an almost unparalleled ability to provide low-cost financing and cheap labor China exports a range of machinery, transportation, Many African leaders have lauded the benefits of Chinese investment to support growth in their countries.
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Hourly compensation costs in China are still low by international standards; however, costs have increased from about 2 percent of the U.S. level in 2002 to 5 percent in 2009. Compensation costs rose particularly rapidly after 2006 as both base wages and increased requirements for social insurance drove costs up.
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A new era for manufacturing in China | McKinsey
The leaders of the multinational's China R&D group thought they'd identified a lucrative niche for a new, low-cost medical-diagnostic product—but were denied funding by the head office back home.
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Manufacturing In China Can Give Your Business The ...
Feb 07, 2014· The bottom line is: your sincere commitment to work respectfully with your Chinese suppliers as a trusted partner -- not as a disposable source of low-cost labor -- will help you identify and ...
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