{"id":4865,"date":"2012-07-16T22:20:10","date_gmt":"2012-07-17T02:20:10","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4865"},"modified":"2012-07-16T22:20:10","modified_gmt":"2012-07-17T02:20:10","slug":"labor-shortage-may-help-china-adjust-to-slower-growth-wsj-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/16\/labor-shortage-may-help-china-adjust-to-slower-growth-wsj-com\/","title":{"rendered":"Labor Shortage May Help China Adjust to Slower Growth &#8211; WSJ.com"},"content":{"rendered":"<p>Reflecting the tight labor market, wage income for urban households rose 13% year-on-year in the first half, and average monthly income for migrant workers rose 14.9%, according to data from China&#8217;s National Bureau of Statistics&#8230;&#8230; At current rates, China&#8217;s private-sector manufacturing wages will double from their 2011 levels by 2015, and triple by 2017, eroding competitiveness and denting the exports that have played a key part in China&#8217;s early growth.<\/p>\n<p>via <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702303612804577528873250642842.html?mod=WSJ_economy_LeftTopHighlights\">Labor Shortage May Help China Adjust to Slower Growth &#8211; WSJ.com<\/a>.<\/p>\n<p>Comment:~ It makes you question official <a title=\"Bloomberg: Chinese inflation\" href=\"http:\/\/www.bloomberg.com\/news\/2012-07-09\/china-inflation-eases-to-29-month-low-in-june.html\" target=\"_blank\">inflation figures<\/a> of just 2.2 percent when wage increases are significantly higher.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reflecting the tight labor market, wage income for urban households rose 13% year-on-year in the first half, and average monthly income for migrant workers rose 14.9%, according to data from China&#8217;s National Bureau of Statistics&#8230;&#8230; At current rates, China&#8217;s private-sector manufacturing wages will double from their 2011 levels by 2015, and triple by 2017, eroding &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/16\/labor-shortage-may-help-china-adjust-to-slower-growth-wsj-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Labor Shortage May Help China Adjust to Slower Growth &#8211; WSJ.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41],"tags":[663,1828,3629],"class_list":["post-4865","post","type-post","status-publish","format-standard","hentry","category-china-hk","tag-china","tag-inflation","tag-wage-rates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Labor Shortage May Help China Adjust to Slower Growth - WSJ.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Labor Shortage May Help China Adjust to Slower Growth - WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Reflecting the tight labor market, wage income for urban households rose 13% year-on-year in the first half, and average monthly income for migrant workers rose 14.9%, according to data from China&#8217;s National Bureau of Statistics&#8230;&#8230; At current rates, China&#8217;s private-sector manufacturing wages will double from their 2011 levels by 2015, and triple by 2017, eroding &hellip; Continue reading &quot;Labor Shortage May Help China Adjust to Slower Growth &#8211; WSJ.com&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/16\/labor-shortage-may-help-china-adjust-to-slower-growth-wsj-com\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-17T02:20:10+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/07\\\/16\\\/labor-shortage-may-help-china-adjust-to-slower-growth-wsj-com\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/07\\\/16\\\/labor-shortage-may-help-china-adjust-to-slower-growth-wsj-com\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Labor Shortage May Help China Adjust to Slower Growth &#8211; 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As a consequence, it had to run large trade surpluses to absorb the resulting excess capacity in manufacturing....... This can't continue. ~ By Michael Pettis - WSJ.com As Japan and other fast-growing economies in\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43530,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/08\/19\/asx-falls-as-china-slows\/","url_meta":{"origin":4865,"position":1},"title":"ASX falls as China slows","author":"Colin Twiggs","date":"August 19, 2023","format":false,"excerpt":"The ASX 200 fell sharply this week and is headed for a test of primary support at 7000; breach would warn that the bear market is back. Rising selling pressure is caused by a bearish outlook for China. China Bearish sentiment on China is growing, with the Yuan testing primary\u2026","rel":"","context":"In &quot;Aussie dollar&quot;","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-08-18-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-08-18-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-08-18-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":3726,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/05\/chinas-growth-model-running-out-of-steam-ft-com\/","url_meta":{"origin":4865,"position":2},"title":"China\u2019s growth model running out of steam &#8211; FT.com","author":"ColinTwiggs","date":"March 5, 2012","format":false,"excerpt":"For the first time in eight years, the Chinese government\u2019s annual growth target has been lowered, to 7.5 per cent GDP growth for all of 2012..... The new number represents Beijing\u2019s recognition that the investment-driven, export-dependent growth model that has propelled it from an impoverished backwater to the world\u2019s second-largest\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27816,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/09\/11\/5-challenges-facing-investors-in-the-year-ahead\/","url_meta":{"origin":4865,"position":3},"title":"5 challenges facing investors in the year ahead","author":"Colin Twiggs","date":"September 11, 2021","format":false,"excerpt":"Investors have to answer two key questions: the first relates to pricing -- what multiple of earnings should they pay? the second relates to earnings -- what are the risks that earnings rise or fall? 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The two believe that China's richest provinces, Beijing and Shanghai, are experiencing a slow-down in GDP growth (per capita) as they experience a classic middle-income trap, while China's poorer provinces continue\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32570,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/05\/09\/us-labor-market-recovering-but-beware-high-interest-rates\/","url_meta":{"origin":4865,"position":5},"title":"US labor market recovering but beware of high interest rates","author":"Colin Twiggs","date":"May 9, 2022","format":false,"excerpt":"Atlanta Fed GDPNow estimates for Q1 and Q2 are weak, at annualized rates of 0.37% and 2.16% respectively. But our real GDP estimates, based on weekly hours worked, show an April recovery to 3.46% (annualized) after an erratic first quarter that averaged 2.24%. That is in line with 3.5% in\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"GDPNow","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-06-gdpnow.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-06-gdpnow.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-06-gdpnow.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-06-gdpnow.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4865"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4865\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}