Forgot your account information?  |  Create a CME account

Chinese competitive edge dulls

Published by Steve Coleman on August 16, 2011

A Chinese business promotion agency says a rising Yuan and higher raw material costs have taken a bite out of the country's competitive advantage.

The Shanghai International Sourcing Promotion Centre says manufacturing costs are about 20 per cent higher because basic goods cost more.

To keep manufacturing prices lower, purchase orders for consumer goods have been flowing out of China and into Southeast Asia and Romania.

While companies are looking other places to purchase goods, the centre said 70 per cent of multinationals are still willing to buy manufactured goods such as automobile parts, castings and machining parts from China.

Found in: news

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan