Greg Snyder
July 28, 2018 ·
In the trade relationship that exists between the United States and China, China produces the goods, often goods of American manufacturing that has relocated out of the United States and gone to China because it has been economically advantageous to the owners and investors in those companies to do so. The cost of labor in China is currently low enough in China to make it attractive to business owners and investors to set up shop there. But will that always be the case? Will Chinese workers always remain content with low wages, minimal or no benefits which keep them living in poverty? The Chinese government may some day wake up and have to do more to appease its labor force. It may not always be the land of low costs and lax regulations. It may become more expensive for China to maintain its competitive edge. But one thing is absolutely clear. China definitely has the most highly skilled negotiators and thus far economic planners since they joined the global economy. Their acumen is admirable and their ability to drive the bargain and set conditions has been highly successful and brilliantly executed.
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