Tech companies see rising wages
By Cathy Ding |
January 20, 2012, Friday
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Print Edition
Print Edition
FITCH Ratings predicts China's technology manufacturers will face further wage rises this year, which will be offset by moving production facilities into inland regions, according to a latest report.
But the rating agency thinks it unlikely that they will shift production to outside China to locations with even lower labor cost which accounts for a relatively small portion at the manufacturers.
But Fitch said wages would also rise in inland provinces as firms moving there will be a long-term trend.
But the rating agency thinks it unlikely that they will shift production to outside China to locations with even lower labor cost which accounts for a relatively small portion at the manufacturers.
But Fitch said wages would also rise in inland provinces as firms moving there will be a long-term trend.
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