Be trembling, those business men who want to compete against Chinese companies!
The picture above is a screenshot of the governmental CCTV news. The host compared the proportion of the wage-spending/operation-cost between developed countries and China, and found, not surprisingly at all, that wage-spending accounts 50% of the companies' operation cost in developed countries (left in the picture) but only 10% in China (right in the picture).
So how can you compete against "Made in China"? It's impossible, because we Chinese companies do not pay worker at all.
But this might be a good news for those who want to set their plants in Mainland China, if you want to cut your cost. Oh, I don't mean those blood factories belonging to Apple, inc.
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