SHANGHAI — The cost of doing business in China is going up.
Coastal factories are raising salaries, local governments are hiking minimum wage standards and if China allows its currency, the renminbi, to appreciate against the U.S. dollar later this year, as many economists are predicting, the cost of manufacturing in China will almost certainly rise.
Although [...]
Posts Tagged ‘china business’
Changes in China Could Raise Prices Worldwide
June 7th, 2010 by Financial Writer
Tags: businesses, china business, china's manufacturing, economists, financial, financial system, Global Economy, global financial crisis, housing market, inflation, money
more...U.S. to Press China on Trade
May 19th, 2010 by Financial Writer
Treasury Secretary Timothy Geithner plans to press Chinese officials to improve the climate for U.S. companies trying to do business in China during a high-level dialogue in Beijing next week.
Mr. Geithner is expected to urge Chinese officials to reverse policies that limit the ability of foreign companies, including U.S. firms, to compete, and to argue [...]
Tags: businesses, China, china business, commerce department, economy, european union, financial, glo, Global Economy, investors, us economy
Hold your nose: garlic is best investment in China
November 27th, 2009 by Financial Writer
The price of garlic in China has nearly quadrupled since March, propelled by its very pungency to rank ahead of gold and stocks as the country’s best-performing asset this year.
The trigger for the bull run may have been the idea that the potent bulb can ward off H1N1 swine flu, Morgan Stanley economists said.
That chimes [...]
Tags: China, china business, garlic, H1N1, swine flu
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