http://www.lifescienceleader.com/index.php?option=com_jambozine&layout=article&view=page&aid=4098
China has seen annual wage increases of 19% for last five years, and the
trend is likely to continue for next four to five years. These wage
increases will also have direct impact on increase in overhead costs. Also,
there is a broad consensus that Chinese currency is currently undervalued.
Since 2008 China has held the yuan exchange rate constant to counter
recession (by promoting exports), but the
