Decline in wage competitiveness of China according to the results of the 2012 study that compares Werner International labor costs in the textile industry in the world. The hourly cost of labor in this industry in China increased by 45.8% for Mainland China and 11.7% for coastal China. As a result, Chinese labor costs are now higher than some countries in Eastern Europe (Bulgaria, Romania) and China loses competitiveness. The leading ranking: Indonesia, India, Vietnam and Pakistan. Information on wage competitiveness of other countries. Other findings of the study: the evolution of the exchange rate also affects the competitiveness of some countries, globalization has not begun to erase the wage gap.
Written by Amy Wang Daxue Consulting Company China (focus group china, china mystery shopping, market research China)