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Compared with 10 years ago, China's labor cost advantage has significantly weakened. Part of the manufacturing industry is shifting to Southeast Asia.
○ China is an extending market.○ The quality of Chinese labor force has obviously improved in recent years.○ China has a reliable supply chain. China has built an industry support system with a relative advantage in the world.
Shifting labor, rising incomes spur demand
Multiple places in N China suffer dusty weather
Income redistribution, rural labor transfer key to 'fast development'