Wednesday, April 16, 2008

chinese no longer means cheap

Is the era of cheap Chinese products over? - By Alexandra Harney - Slate Magazine
... A perfect storm has hit China's manufacturers. So far this year, the renminbi has been appreciating at a 16 percent annualized rate. And prices for raw materials, which account for 60 percent to 70 percent of manufacturers' costs, are soaring.

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