根据下面内容，回答题 Rising wages-together with currency fluctuations and hig-考呗网题库移动版

单选题
根据下面内容，回答题
Rising wages-together with currency fluctuations and high fuel costs-are eating away the once-formidable "China price" advantage, prompting thousands of factory owners to flee the Pearl River Delta. Much has been written about the more than doubling of wages at the Shenzhen factory of Foxconn, the world's largest electronics contract manufacturer, which produces Apple iPhones and iPads and employs 920,000 people in China alone. "One can talk about a world pre-and post-Foxconn," says Victor Fung, chairman of Li & Fung, the world's biggest sourcing company and a supplier of Wal-Mart. "Foxconn is as important as that."
Foxconn's wage increases are only the most dramatic. Our analysis suggests that, since February, minimum wages have climbed more than 20 percent in 20 Chinese regions and up to 30 percent in some, including Sichuan. At a Guangdong Province factory supplying Honda, wages have risen an astonishing 47 percent. All this is bad news for companies operating in the world's manufacturing hub, and chief executives should assume that double-digit annual rises-if not on the scale witnessed this year-are here to stay.
Looked at another way, however, wage inflation provides companies with a once-in-a-
generation opportunity to rethink radically the way they approach global production-and they should do so sooner rather than later.
Why the urgency? After all, wage hikes in China are nothing new. Since 1990, they have risen by an average of 13 percent a year in U.S. dollar terms and 19 percent annually in the past five years.
There are two big reasons the situation is different now. The first has to do with productivity. Over the past 20 years, productivity increases have broadly matched wage increase, negating their impact. The pay rises came from a very low base, so while average Wages grew 19 percent a year from 2005 to 2010, this amounted to only ￥260 a month per employee, a sum that could be offset by more efficient production or switching to cheaper sources of parts and materials.
If labor costs continue, however, to increase at 19 percent a year for another five years, monthly wages would grew ￥623 per month, according to BCG estimates. Such an increase would ripple through the economy in the form of higher prices for components, business services, cargo-handling and office staff.
The second reason relates to societal change. Until now, it has been easy to lure a seemingly unlimited number of young, low-wage workers to the richer coastal regions and house them cheaply in dormitories until they saved enough to return home to their families in the interior provinces. In the future, though, young workers will be harder to recruit. This is partly because there will be fewer of them: Largely because of the country's one-child policy, the number of Chinese aged 15 to 29 will start declining in 2011. Moreover, with living standards rising across China, fewer of today's rural youth will want to go to coastal regions to toil for 60 hours a week on an assembly line and live in a cramped dormitory.
So what can CEOs do in this fast-changing environment? An instinctive reaction is to search for cheaper labor elsewhere. But this is short-sighted and would provide-at best-a short-term fix.Another option is to stay in China and try to squeeze out greater productivity gains.
According to paragraph 1 and 2, we can summarize that ( ).

A．China will always boast a very impressive price advantage around the globe
B．Foxconn's rising wage is just a one-sided case
C．Souring wages has improved a widespread impact on foreign companies
D．Foxconn is a manufacturer of great significance to China

参考答案C

解析:
本题的关键句是Risingwages-togetherwith currencyfluctuations and highfuel costs-are eating away the once-formidable“China price”advantage，prompting thousands offactoiy owners to flee the Pearl River Delta涨薪伴随着货币波动和高的燃料成本正在使曾经有威慑力的中国的价格优势渐渐丧失，这样促使上千的工厂主逃离珠江三角洲。可以推断答案是C。

点击查看答案进入在线模考

你可能喜欢

单选题
In Paragraph 5, the author discusses that ( ).

A．if labor costs continue to grow, it would ripple through the economy
B．average wages grow 19 percent from 2005 to 2010
C．foreign enterprises should switch their manufacturing to cheaper sources
D．the wage rises over the past 2 decades could be offset by rising production

点击查看答案进入在线模考

单选题
The reasons why young worker will be harder to recruit exclude ( ).

A．China's one-child policy
B．the fact that fewer rural youth want to go to coastal cities
C．surging living standards
D．the declining number of China's youth

点击查看答案进入在线模考

单选题
On which of the following would the author most probably agree?

A．Foreign investors should move their manufacturing capability closer to the consumer
B．China's wage inflation will wreak a political havoc in the future
C．Foreign investors should flee to neighboring countries, such as Vietnam
D．There's plenty of room to improve efficiency at Chinese plants

点击查看答案进入在线模考

hot热门搜索

你可能喜欢

延伸阅读