Add in the big contributions that employers must make to China's national security fund system and the total cost of an employee can be double his basic pay.
The danger is that new large consumers like China and India will make bilateral arrangements for large supplies of gas with big producers, which could set back the development of a global market.
In Australia the slowdown in housing did make a big dent in construction and consumer spending but this was masked by the commodity boom and exports to China.
Aside from tiny operations in China (to make gaming electronics for Macau casinos) and Canada (mainly scoreboards), this is the first big manufacturing expansion outside of Brookings.