Wage and raw-material costs have been rising sharply in recent years, while the appreciation of the yuan against the dollar since July 2005 has made Chinese goods more expensive in dollar terms.

近年来，中国玩具业的劳动力及原材料成本大幅上升，而人民币兑美元汇率自2005年7月以来不断升值，也导致中国产品的美元售价越来越高。

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On top of wage increases, the costs of jetting to far flung locations and more importantly, moving goods from the factory to the store keeps heading upward.

除了工资上涨，至偏远地区以及从工厂到商店的运输成本也保持上升态势。

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The most likely outcome is that it would help other low-wage economies like Vietnam, India and Bangladesh, which make many of the same goods as China.

因此，沃尔玛依旧会以最低可能的价格囤积货品，只是这些东西会更多地来自越南和孟加拉。

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On the competitiveness front, goods from lower-wage exporters like China are seen as posing serious threats to Thailand and Indonesia.

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If they are, such wage gains will not result in higher goods prices.

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The Fed's hawkish credibility, along with cheap goods from China and other low-wage countries, has helped to keep consumer-price inflation relatively tame despite exceptionally loose monetary policy.

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