Retail in Asia

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Wage rise, tight labour market pushing firms outside China

China, once considered the "workshop of the world," is now seeing many international companies shift out as they find it difficult to cope with rising wages and a tight labour market.

Wages in the country rose an average 22 percent in 2011, according to Reuters. The government also said this month that it wants minimum wages to grow by at least 13 percent in the five years to 2015.

That, added to a tight labour market has forced Canadian firm B+H Architects to expand outside China, where it has operated for the past 20 years.
 

(Source: CNBC)