This yr leave buying your tech in the post - Christmas sales event . Because a 20 per cent increase in Chinese lower limit earnings is gon na hike up electronics prices arrive January .
In fact , the gain is only stumble the Guangdong province of China . Does n’t sound too big a deal , right ?
amiss . Because that one state has been the making of China . As a result , it ’s filled with big electronics firms and state - own party , as well as plenty of smaller and medium - sized individual firms . That means it accounts for a huge share of Chinese industrial output . It also gain it enormously influential , and means the rest of China is sure to follow suit and raise wages across the display panel .
The knock - on effect is that anything made in China is going to get more expensive — and that mean most of the gizmo you ’re planning on buying are gon na get pricey , too .
While some company might just relocate , manufacturing products in poorer countries like Bangladesh and Cambodia , that wo n’t help oneself too much . Because while there are cheap prole elsewhere , the scale of workforce ca n’t mate that of China ’s .
This comes on the back of Western Digital ’s Thailand factory being flooded , creatinga rise in hard drive prices .
https://gizmodo.com/nimec-hit-hard-by-thailand-floods-here-comes-the-great-5852480
The hard trueness is that things are going to get more expensive . Best reserve before the holidays , then . [ Global Post ; icon : Robert S. Donovan ]
China
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