By Frank Gibney Jr(part 4)
For China’s newly-rising enterprises, profits are Mbt up throughout the region- thanks largely to low wages. Last year the Beibei company in Zhangjiagang cleared $14 million on exports of 10 million pairs of shoes to U.S. Department stores. Mbts At the Beibei plant, women huddle over a conveyor belt in frigid temperatures, gluing rubber sneakers together. Typically, Chinese workers in a plant like this make about 34 cents an hour, compared with $3.50 for Korean workers, according to Mbt shoes South Korean estimates. That gives China a huge competitive advantage. Just two years ago South Korean manufacturers were flourishing on contracts from western athletic footwear giants like Nike, Reebok and Adidas. Since then much of the Shoes Mbt business has shifted to China, dealing a hard blow to the South Korean shoe industry. This is a blow to Seoul, but it also reflects the fact that South Korea is moving to a high-tech, high-wage economy- leaving Mbt shoes uk China behind.
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