China News

Not long ago, Mexican factories couldn’t compete with the “China price,” the ridiculously low cost of production in the Asian nation.

But sometime this year, with rock-bottom wages soaring in China, the average cost of factory labour in the two nations will be roughly the same. This is a boon to Mexico, and its industrial parks are swelling.

The trend has caught the attention of chief executives such as Rob Moser, the president of Casabella Holdings, who recently started adding up the pros and cons of where to make the housewares that his New York firm designs and sells.

China was cheap — really cheap — when he first started buying there in 2003. But labour costs have climbed at a double-digit pace, and there were other factors that made China less convenient.

“You’ve got to get a visa to China, and that takes time. It’s a 16-hour…

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About OyiaBrown

Please send me, as a comment to this page, any old material you have for inclusion in The Daily Joke Alert - to help enable us all to have our fancy tickled regularly! Never mind the state it's in as I tidy everything up prior to publication. Don't let good material go to waste - and so much does. In the interests of the environment we should always try to re-cycle everything, especially jokes. You know that makes sense! You may find some historical stuff here, but this does not really matter as humor is fairly timeless.

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