But I reckon that China's effect on global manufacturing and inflation is both more diverse and more benign than my colleague Dan believes.
As we can see, the effect in China has been electrifying: manufacturing wages up five times in little over a decade.
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There is, in other words, nothing mysterious about the effect that China is having on corporate strategy in the rest of East Asia.
China consists, in effect, of several economies with different wage levels.
And finally, by its willingness to accept their currencies, China is, in effect, telling Russia, UAE and Turkey that it trusts their handling of their respective economies, thereby building a long term economic relationship that is built on respect and trust.
Slower growth in China and India has a knock-on effect in the rest of Asia, for which China in particular is an ever more important market.
The thought that jobs may go to central and eastern Europe, or to China, is having an effect.
Will the latest news from China have a similar bracing effect?
The changes were issued by China's tax authority on Friday and took effect June 29, said Khoonming Ho, a partner in charge of tax for China and Hong Kong for KPMG.
Falling food prices have quickly had an effect on inflation in China, which fell to 4% in October from a peak of 8.7% in February.
America's Treasury says that because of the higher inflation rate in China, the yuan is in effect appreciating against the dollar by more than 10% a year.
For starters, by 2020, when these tariffs go into effect, India and China--with GDPs projected to grow anywhere from 6% to 10% annually--will have much bigger economies with huge domestic markets that they are increasingly opening to each other.
The case is set to be a big test of China's new bankruptcy law, which came into effect in 2007 but has rarely been applied to overseas-listed companies with assets in China.
Economists say slower China growth could have a negative ripple effect throughout the Pacific Rim.
The prospect of huge profits available to formula sellers in China has had a knock-on effect for retailers around the world.
Energy is only one area where the rapid growth of China's economy is having an effect on shipping and cargo rates.
China has not escaped a knock on effect from this as providers to end customers have passed on cost hikes from their own value chain.
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Mei said in the paper on Wednesday that her company applied for patent rights for Xiaoi in 2004 in China and the patent right went into effect in 2006.
Another reason is that the American Congress is about to vote on a proposal to grant China permanent normal trading relations, in effect approving its membership of the World Trade Organisation (see article).
The effect of an energy saving subsidy in China is also expected to stimulate demand for LED TV products.
Brands management, at its recent analyst day in New York, pegged the estimated effect of the avian flu scare in China at a 20% sales decline over the next six weeks.
That in effect eases monetary policy and is an overt signal from China that it wants its economy to grow and it will accept more commodity imports to achieve its better economic growth.
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China's commerce ministry said it was pleased the ECFA had taken effect.
Professor JOHNSON: Well, there would be less holding or less purchases by China of U.S. Treasury notes if there's an effect on that current account.
The integration of China and other emerging economies into the world trading system has, in effect, more than doubled the global labour force, and by curbing workers' bargaining power it has restrained pay demands in most developed economies in recent years.
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I'm wondering, in the week or so that those sanctions have been in effect, what's the earlier response been from countries like China, South Korea, Japan?
The entry of China, India and the former Soviet Union into market capitalism has, in effect, doubled the world supply of workers, from 1.5 billion to 3 billion.
"Since 2001, efficiency gains alone have not been nearly sufficient to compensate for the effect of heavy industrialization, " says a 2006 paper by the China Energy Group of the Lawrence Berkeley National Laboratory in California.
KONG, July 9 (Reuters) - Chinese meat processor China Yurun Food Group Ltd said founder Zhu Yicai has resigned as chairman with immediate effect but will become honorary chairman and a senior advisor, the latest management reshuffle by a Chinese company.
By pegging to the dollar, it is, in effect, importing America's monetary policy, which is too loose for China's fast growing economy.
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