Chinese labor authorities are aiming to have employee wages rise by 15 percent a year over the next five years. While some regions will be more affected than others, this will impact the Chinese manufacturing sector as a whole.
What does this mean for you, our customer? You may notice subtle cost increases when placing a repeat order down the line. If it has been months since our original quote was submitted, pricing will need to be reconfirmed before moving forward on a project.
Please read the full article to learn more about Chinese labor rates and how these changes may affect you!