精品国产_亚洲人成在线高清,国产精品成人久久久久,国语自产偷拍精品视频偷拍

立即打開
Why China is putting the brakes on export-driven growth

Why China is putting the brakes on export-driven growth

Darius Dale 2010年07月13日

Will higher salaries just mean inflated prices?

????Yes and no. The bulk of the wage inflation is coming from the labor-intensive manufacturing sector, where thin margins in certain subsectors of that industry (i.e. textile manufactures) warrant passing through higher costs. In those sub-sectors that can perhaps afford to absorb the hit to margins (auto manufacturers, CPU manufacturers, construction), inflation won't immediately take hold, if those sectors refrain from passing through price increases to consumers.

????The latest CPI reading in China is +3.1% over last year. A likely scenario is that this round of wage inflation is passed through to importers of Chinese goods, with the E.U. and the U.S. being the largest recipients (20% and 17%, respectively YTD through May).In other words, there will be some lag time before Chinese consumers have to worry about inflation hitting their newly fattened wallets.

????And keep in mind, China is a save-first economy, so 20-25% wage inflation doesn't instantly equal 20-25% more consumer spending. Some portion of that will be socked away for a rainy day. Even that may turn out to be a net positive for the Chinese economy: The last 12-18 months have seen a huge growth in loans as the middle class has struggled to keep up with soaring real estate prices. With more money in their pockets to service that debt and recapitalize lenders, China may avoid walking into the credit bubble trap that nearly felled the U.S. economy two years ago.

  • 熱讀文章
  • 熱門視頻
活動
掃碼打開財富Plus App

            主站蜘蛛池模板: 乳山市| 手机| 天等县| 扎囊县| 龙南县| 阿鲁科尔沁旗| 霍邱县| 霍林郭勒市| 阿合奇县| 青冈县| 武陟县| 尉氏县| 察雅县| 额济纳旗| 东辽县| 稷山县| 盐亭县| 双牌县| 普格县| 托克托县| 武汉市| 治多县| 门源| 滁州市| 乌兰浩特市| 杭锦后旗| 汉源县| 台山市| 瓮安县| 玉龙| 吉水县| 阜宁县| 木兰县| 遵义县| 皋兰县| 黎平县| 吉木萨尔县| 长子县| 兰西县| 淮阳县| 耿马|