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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (109652)	3/4/2011 8:01:22 PM
From: GST	1 Recommendation Read Replies (1) of 110194

<For instance, the Sichuan provincial government increased its minimum wage by 44 percent last year and companies like Foxconn, manufacturers of Apple's (NASDAQ: aapl) iPhone and iPad, raised salaries by 20 percent. Rising wages will continue as the fight for talent intensifies as more firms like Pepsi (NYSE: pep) and Intel (NASDAQ: intc) have announced billion dollar investments. Rents are also going up 15-20 percent and squeezing the margins of retailers like KFC (NYSE: yum) and Best Buy (NYSE: bby). Companies are starting to transfer the added costs to the consumer. McDonald's (NYSE: mcd) and Starbucks (NASDAQ: sbux) announced price hikes for the first time in several years. Finally, the economy is becoming more oriented to domestic consumption than exports. My firm, the China Market Research Group, estimates that retail sales will grow 16-18 percent in 2011. Why the shift? The government is trying to reduce pollution and environment damage borne from resource intensive manufacturing and is pushing for a stronger service sector. So far, the results have borne fruit as incomes have been rising.> finance.yahoo.com

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