... 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.
Wednesday, April 16, 2008
Is the era of cheap Chinese products over? - By Alexandra Harney - Slate Magazine
Posted by Johnathan at 11:49 AM