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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (56077)	11/17/2004 6:03:02 PM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

China to lose labour advantage to India November 17, 2004 18:03 IST China's advantage in cheap labour will disappear in a decade with countries like India and Bangladesh emerging as less expensive manufacturing bases, media reports said in Beijing. China's advantage in cheap labour will disappear and its industrial structure will be forced to upgrade ten years later when the 'baby boom' generation born in the 1950s and 1960s enter their old age, cice-president of Shanghai Academy of Social Sciences, Zuo Xuejin said. China's birth rate reached its peak in the 1950s and 1960s, and began to drop in the 70s when the state began to push its 'one-child' policy. People born during the 'baby boom' will gradually enter their old age after 2015, putting an end to the country's 'demographic bonus' (low labour cost and rich labour resources), Zou was quoted as saying by the People's Daily on its Web site. us.rediff.com