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Thread: RMB appreciation fosters more Chinese companies to go abroad
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[quote=GARYKINKADE,271397]Marrie....There are no books either by Kennedy or Phillips( to my knowledge) that relate directly to China's labor costs and the cost of living in other countries. I just stated "that" as a decision that China would possibly have to consider if investments were to be made overseas in manufacturing that was already established and then determine whether it would be cheaper to utilize imported Chinese labor or retain the existing labor market of that country, i.e. if China wanted to pay the existing wages for its (China) workers then China would have to provide the housing, food, and etc. to offset the higher cost of living of that country (provided the wages and cost of living were higher in that country) Books by Kevin Phillips are: "Arrogant Capital", "Wealth and Democracy", "The Politics of Rich and Poor",and "Boiling Point". Paul Kennedy is the author of "The Rise and Decline of the Great Powers"[/quote]
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