Cheng Chunmeng, the general manager of a manufacturer of colorful children’s chairs in east-central China, gave his workers a 30 percent raise last year to keep them from leaving. His labor costs are rising even faster in dollar terms, as the Chinese currency slowly climbs against the United States dollar.
Yet Mr. Cheng, like many Chinese exporters, enjoys growing sales to the United States. “I saw a remarkable increase in orders from the United States starting in March, and getting better and better since then,” Mr. Cheng said. “I feel 2014 will be an even better year.”
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Keith Bradsher, New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/KV3X9r2rNyg/
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