Tuesday, February 26, 2008

More Bad Economic News

Here are exerpts from an article:

"...factories get squeezed by rising prices for energy, materials and labor" and

"stricter enforcement of labor and environmental standards, are causing some manufacturers to leave for lower-cost markets" and

"Costs have climbed so much that three-quarters of businesses surveyed...believe [the country] is losing its competitive edge."

The country? Is it the USA? No, it is China. You can read about it in As business costs rise in China, some firms exit for cheaper markets.

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