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发表于 2010-6-13 04:05 PM
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Lewisian turning point, I would say, is good for both China and the developed world. The rising labor cost certainly help export the inflation to the rest of the world, but don't forget, the developed world is so scary of the deflation, which is happening ( just look at CPI ) . And it will certainly help build the domestic market in china, which is desperately needed.
the China price is established on the labor cost as well as infrastructure, supply chain. Some other countries ( Vietnam, Indonesia ) could make a dent in China's manufacturing, but they are simply too small to turn the table.
If well prepared, this Lewisian turning point is more the end of a beginning, not the beginning of the end |
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