Is China Stealing Jobs? It May Be Losing Them, Instead - News Summed Up

Is China Stealing Jobs? It May Be Losing Them, Instead


And it is not just the United States that is taking jobs away from China. “The U.S. right now is in a very favorable position.”That means more jobs for American factory workers. “It’s not like China is an attractive location for all low-cost jobs,” said James Zimmerman, the American Chamber’s chairman in Beijing. And though China remains by far the largest exporter of clothing to the United States, it is facing more competition from lower-cost rivals in Asia. Without the lure of large cost savings, more American companies are “reshoring,” or moving factories back.


Source: International New York Times July 22, 2016 15:59 UTC



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