Quality Management

China, 3rd Highest Labor Costs in Asia

An average worker in China costs more than the average worker in any other emerging Asian economy, save Malaysia and Thailand, when considered in terms of combined salary and welfare payments, China Briefing has found.   Conducting a review of minimum labor costs, determined by the legal minimum amount stipulated in 15 different countries, and added together with the pertinent mandatory welfare payments due, it is apparent that since the introduction of the revised labor law in 2008, ...

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Trade Surplus Rises in Coming Months

China's monthly surplus is expected to "widen" in the coming months though export growth will "decelerate", probably causing some factories to close, said the Ministry of Commerce on Thursday.   As domestic and global business conditions deteriorate, some manufacturers and exporters might struggle in the months ahead, with even some going bankrupt, said Zhang Ji, director-general of the ministry's department of mechanical, electronic and high-technology industries.   Accord...

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China Is Going Green!

China will adhere to the road of green industrialization characterized by higher science, better economic efficiency, low consumption of resources, less pollution and full use of labor advantages, said China's Minister of Industry and Information Technology Miao Xu Tuesday here.   Addressing the Ministerial Meeting on Energy and Green Industry, the minister stressed that to reach the goal of green industrial development, China will mainly accelerate the industrialization process by ad...

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China in Numbers

Reflections after the 2010 Population Census   By Angel Fernández de Castro de Léon.   Just few days ago the National Bureau of Statistics of China released very interesting information regarding to the most recent 2010 National Population Census. Considering that this comes once every decade, and that we are considering not just the most populous nation over the globe, but the second largest economy of the world, we should perhaps take a little interest…   C...

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Head, Tripe, Steer!

Through centuries, the economic web in the entire world has widened. Greatly supported by the globalization phenomenon, frontiers have been erased, markets saturated. Thus, originally simple confluences between supply (bid) and demand, supply has massively grown its presence (attendance) on markets, which has modified the demand function. From a global look and concentration on a price under constant pressure but also downwards, things changed and let place to a tremendous focus on a quality/ pr...

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