Dan Harris

New Labor Laws in China Could Hinder Investors' Profit Potential

This article is about six months late and a dollar short. It's like a blast from the past, so much has changed of late.

Yes, some companies left China due to increased labor rates, but almost all of those companies were manufacturers of very low quality items like socks, and rubber duckies. Most of these companies were Chinese, HK or Taiwan owned. Very very few Western companies left for lower wages elsewhere. This article is also late because wages in China are now on a downslide and the government has been spreading the word that enforcement of its new labor laws will be less than rigorous, so long as companies retain their employees.