Our exports to China have tripled since 2000, and through the first half of 2006, U.S. goods shipped to China are up more than 40% over prior year and are on track to hit $60 billion.
The average Chinese person simply doesn't make enough money to buy anything made in the USA.
Looks like wages are increasing at a rapid pace. That has a lot to do with the dramatic increase of American made goods sold to China.
- But four years after the Nebraska-based maker of structural steel products opened its Beijing factory, it's struggling with a labor shortage and soaring land prices amid China's economic boom.
Competition for managers, engineers and other highly skilled labor is especially intense and job-hopping for higher pay is rampant.
"Wages in China are definitely going up at a fast pace," said Behlen Chairman Tony Raimondo. "The movement of land value and wages has surprised many of us."
Chinese Wage Growth Surging, But Hasn't Fueled Higher Prices