MercoPress. South Atlantic News Agency
High wages and regulations making EU companies in China think twice
One in five European companies operating in China may invest elsewhere in the future as wages are getting too high and regulations too cumbersome, according to a poll released Tuesday. Read full article
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Disclaimer & comment rulesI saw a documentary about a week ago about a UK cushion manufacturer who had a factory in China and was now moving the bulk of his manufacturing back to the UK. I remember seeing the original documentary about 10 years ago when he made the decision to close down UK production and transfer it to China.
May 30th, 2012 - 04:54 am - Link - Report abuse 0I know that quite a few western companies are doing the same return journey for reasons of quality and cost.
Nothing against China developing but it looks as though the wheel is beginning to turn back full circle .I am sure that a large part of the economic problems in Europe are to do with the mass transfer of production to China and other developing countries.The industrialists who did the journey forgot that the workers are also the buyers of their products.They are two sides of the same coin.
and you don't think that the Chinese stole/copied the products what were made by that company from the UK? Of course they did. Another point why companies that go back to Europe don't make it..labor costs and other indirect costs as local taxes that are crushing them. China is for China. Other countries are doing the same.
May 31st, 2012 - 12:16 am - Link - Report abuse 0Commenting for this story is now closed.
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