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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: skinowski who wrote (108858)6/27/2010 11:50:23 PM
From: GST  Read Replies (1) of 110194
 
As Lee pointed out in his insightful reply to your post, China is not simply a place where you can generalize. Much of the development over the years required moving millions of people around -- mass migrations -- and the Chinese know full well that this cannot go on for a number of reasons. So now you see the big push up the delta and west. As the 'cheap' part of their labor force is found further inland, the coastal cities are marching up the ladder of value added and income. This is where you wil see wage gains -- indeed, coastal cities are already well up the income scale.
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