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Sunday, August 14, 2011

China's Woes May Lead To More Pricey Christmas Here

(CBS News)

China is feeling some economic strain of its own of late.

CBS News correspondent Celia Hatton reports that could impact the prices American consumers pay during the upcoming Christmas shopping season.

The employees at one sportswear supplier outside Shanghai are rushing to fill an order for 15,000 bike shirts, and getting paid more for their efforts than ever before.

Liu Ling, who tracks inventory at the factory, has seen her paycheck grow from $130 per month in 2007 to $320 per month now.

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1 comment:

Anonymous said...

Good to hear...the Chinese worker is getting paid a better wage with some benefits. When the price of Chinese made goods increases, perhaps American companies will be better able to compete with them.