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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Moominoid who wrote (55370)8/26/2006 11:39:21 PM
From: RealMuLan  Read Replies (1) of 116555
 
>> rising prices in China will have limited impact on US, European etc. inflation.<<

You are right, but that is mainly due to MORE and MORE foreign sweatshops are moving out of China, to Vietnam and other countries. Labor cost in Vietnam is >30% lower than that in China.

Merely in Zhu Jiang Delta of Guangdong alone, >9,000 sweatshops owned by Hongkongnese have closed down, due to stricter environmental law, higher labor cost, as well as high raw material and energy cost. Plus many sweatshops owned by Japanese, S. Korean, Taiwanese... as well as some local Chinese, also moved out of China, we are talking some serious number here.
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