Mind The Red Ponzi—It’s Running Out Of Cheap Labor

While demand for tips on how to control labour costs has been strong in Guangdong for the past decade as a worsening labour shortage became a day-to-day headache for Chinese manufacturers, the urgency to put a lid on rising labour costs this year is unprecedented.

 

https://www.scmp.com/economy/china-economy/article/2166266/small-chinese-firms-seek-lessons-survival-they-brace-impact