Can China’s 🇨🇳manufacturing dominance survive the significant increase in Chinese labor costs?

[Beijingwalker]

Can China’s manufacturing dominance survive the significant increase in Chinese labor costs?

Yes it can. The first chart compares China's manufacturing exports to the US, Japan, and Germany. All three have higher labor costs than China. Yet China manufactures more.

 

[Beijingwalker]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[Beijingwalker]

The charts clearly show that labor cost just plays a very limited minor role in modern manufacturing industry.