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Rising Wages in China, Africa's Opportunity?

The bette noir of manufacturers worldwide - Chinese Industry is experiencing the inevitable result of breakneck economic growth-rising labour costs. What took much smaller industrialisers longer to achieve is finally lapping at the shores of the latest economic miracle. Businessweek writes:
"...Doesn't China have an inexhaustible supply of cheap labor? Not any longer. From the textile and toy factories of the south to the corporate headquarters and research labs in Beijing and Shanghai, the No. 1 challenge today is finding and keeping good workers. Turnover in some low-tech industries approaches 50%, according to the Institute of Contemporary Observation, a Shenzhen labor research group. Guangdong Province says it has 2.5 million jobs that remain unfilled, while Jiangsu, Zhejiang, and Shandong provinces say they, too, face shortages of qualified workers. "Before, people talked about China's unlimited labor supply," says Zhang Juwei, deputy director of the Institute of Population & Labor Economics at the Chinese Academy of Social Sciences in Beijing. "We should revise that: China is facing a limited supply of labor..."
The next league of industrializers like Vietnam have already risen to the challenge, the question that needs to be asked is Whither Africa?

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