Global Inflation setting in~!!
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Because the labour cost in China is going to DOUBLE. The exact date me dunno.
Dun ask me how i know... my source q reliable de -
Not likely. No source = fake.
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already the US dollar is down..when china announced they gonna diversify its economy without using the usd....
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if really accurate hor.... die le. China is the world's factory... Cost of goods up, businesses no choice and hv to pass to consumers
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That's kind of expected. Anything related to $$$ only goes up, not down.
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old news...indicator like oil price increment already happened..
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DOUBLED leh... me expect gg up... but me din expect it will be doubledOriginally posted by kaobeikaobu:old news...indicator like oil price increment already happened..
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think wun double lah..
but even double still much cheaper then more develop countries -
is doubled lo. at 1st me thot is public servants only... but heard is a policy tat will affect many private businessesOriginally posted by airgrinder:think wun double lah..
but even double still much cheaper then more develop countries -
wah! hmm... then time to buy more shares...
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wat sector's share?Originally posted by airgrinder:wah! hmm... then time to buy more shares...
me thot inflation bad for shares de? -
Might not be. If you buy now, sell later, may earn.Originally posted by sunny3510:wat sector's share?
me thot inflation bad for shares de?
God knows. -
ya. i meant when the new thing is announced shares will drop mah, so buy more lor.Originally posted by sunny3510:wat sector's share?
me thot inflation bad for shares de?
Sector wise, since you said double labour cost, then can look at labour intensive, manufacturing companies bah. -
lidat one meh?Originally posted by airgrinder:Sector wise, since you said double labour cost, then can look at labour intensive, manufacturing companies bah.
anyhow only lah u -
ya lor. anyhow good mah. keke
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ya loh, anyhow only.
me go draft one financial strategy to deal wif this and post here...
den u all say gd anot -
china labour costs have been increasing steadily bcos of high demand
so ppl now moving to india, vietnam, cambodia -
but india, viet, cambodia's infrastructure not as gd as china...Originally posted by FireIce:china labour costs have been increasing steadily bcos of high demand
so ppl now moving to india, vietnam, cambodia
they nid some time to catch up -
me looking at visa int.
should be IPO-ing next year.
dunno whether can afford one lot a not... -
Chinese cheap labour drying up
CHINA'S seemingly bottomless pool of cheap peasant labour will soon be dry, according to research by China's leading labour market analyst.
Thirty years of double-digit economic growth has reduced the rural population of surplus labour to as few as 25 million, or just 5 per cent of the national workforce, says Professor Cai Fang, the director of the Institute of Population and Labour Economics at China's most influential think tank, the Chinese Academy of Social Sciences.
This means China has reached an historic turning point in the bargaining position of labour, where workers are becoming scarce and therefore more valued, he says. There are fewer employers ripping off workers by failing to pay wages - and those wages have suddenly spiked after a decade of stagnation.
"We show that the idea that there is a 'bottomless' surplus labour pool in agriculture - the widely accepted belief that there are nearly 200 million surplus labourers, accounting for more than 40 per cent of the total rural labour force - is actually out of date," writes Professor Cai and his colleague Wang Meiyan.
Their paper, Counterfactuals of unlimited surplus labour in rural China, models three scenarios using different assumptions, including how many peasants are needed to farm the land and whether they can be expected to work 250, 300 or 320 days a year.
The three scenarios suggest China has a labour surplus of 25 million, 63 million or 108 million workers.
Rising wages and work standards might force up the price of Chinese goods - against the declining trend of the past decade. It would also force its leaders to consider loosening the one-child policy, eroding a discriminatory residency permit system that hinders urban migration, and protecting rights of migrant workers. -
nothing there tts why cheap watOriginally posted by sunny3510:but india, viet, cambodia's infrastructure not as gd as china...
they nid some time to catch up
it is like that one
cos when they get better, the costs will go up
and ppl will just look for another place to start all over
this is how ppl get exploited (in a way)
and how ppl can help other countries develop -
yup! i know globalisation works this way.Originally posted by FireIce:nothing there tts why cheap wat
it is like that one
cos when they get better, the costs will go up
and ppl will just look for another place to start all over
this is how ppl get exploited (in a way)
and how ppl can help other countries develop
but tat shld be at least 10yrs frm now... these 10 yrs must know where to earn $$ liao. These 10yrs... China's gonna affect us alot lo -
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i can read chinese but i will read until very 'xin ku'Originally posted by ^tamago^:
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got the cheek to sue mattel sumore.
