CHINA'S economy may be booming, but for many foreign firms, the country is no longer the haven for cheap manufacturing it once was. As the market develops, the cost of doing business in China is on the rise. The American Chamber of Commerce in Shanghai released a study in March detailing manufacturers' fears about rising industrial costs. More than half of the surveyed manufacturers agreed that China is losing its competitiveness, as a manufa ness, as a manufacturing base, to other low-cost nations, the AmCham report said. Driving that decline, according to 52 percent surveyed, is the rising cost of labor.
展开▼
