Sunday, October 31, 2010

Boom river: China's factories moving inland to escape higher wages | Seattle Times Newspaper

China's manufacturers are moving factories inland along the Yangtze River, creating traffic jams on Asia's longest river and prompting container terminal operators to invest in ports along the 3,915- mile-long Yangtze, which reaches Tibet.

By Wing-Gar Cheng

 

Enlarge this photo

Related

The manufacturing boom spreading through central China echoes through the night on the wharves of the Yangtze River in Shanghai as workers unload car parts, canned food and building materials.

"There are too many ships and we can hardly secure a place," said Cui Ming, a local manager for Chongqing JHJ Shipping, after a company vessel was unloaded at the Jungong Road Dock. "The business is growing so massively, we sometimes need to get up at midnight and rush to the dock to assist our ships to get a berth."

….China's urban per capita disposable income in the first half of this year rose 10.2 percent from a year earlier in nominal terms to 9,757 yuan, the national statistics bureau reported in July. In rural areas, per capita cash income in the first half rose 12.6 percent from a year earlier in nominal terms to 3,078 yuan, the bureau said

Business & Technology | Boom river: China's factories moving inland to escape higher wages | Seattle Times Newspaper

No comments: