Futuríveis
sábado, abril 30, 2005
China's corporate cost advantage is a myth
...
China's costs of labour and land are low and its currency is regarded as undervalued and competitive. Yet Chinese companies are making relatively little money and the domestic stock market is at a six-year low. The reason lies in the country's high - and rising - costs of doing business. If the government does not urgently address this issue, the country will not only fail to develop a services industry but will also miss out on the foreign investment its under-employed labour force needs.
In the past decade, three types of costs - operational, regulatory and external - have been suffocating business in China. Even its numerous special economic zones have been affected, in spite of their lower taxes and less onerous regulations
...
FT.com / Comment - China's corporate cost advantage is a myth
China's costs of labour and land are low and its currency is regarded as undervalued and competitive. Yet Chinese companies are making relatively little money and the domestic stock market is at a six-year low. The reason lies in the country's high - and rising - costs of doing business. If the government does not urgently address this issue, the country will not only fail to develop a services industry but will also miss out on the foreign investment its under-employed labour force needs.
In the past decade, three types of costs - operational, regulatory and external - have been suffocating business in China. Even its numerous special economic zones have been affected, in spite of their lower taxes and less onerous regulations
...
FT.com / Comment - China's corporate cost advantage is a myth
posted by CMT, 8:01 da tarde
