Women work in a shirt factory in Nantong, in
China’s Jiangsu province. China’s labour costs are no longer the
advantage they once were.
It’s time for the Chinese leadership to heed concerns of private sector.
His domestic economic agenda, in which he champions tax cuts and deregulation to boost the economy and create jobs, has inadvertently fuelled an already intense debate in China over the state and direction of the Chinese economy.
More specifically, the issue is about how to help the manufacturing industries. Those industries once gained China a reputation as the world’s workshop and helped turn it into the world’s second largest economy, but are now weighed down by suffocating taxes and fees, soaring land prices and other operating costs.
More @ This Week In Asia
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