Nike and other United States Companies in manufacturing moving out of China

The commonly seen on market “Made in China label” is now losing traction with its biggest clienteles. For almost three decades of company gains, China’s share on United States and Europe imports has decline.

The biggest losses in the European Union (EU), where China’s share on imports slumped to 16.5% in the first Eleven months last year, and the information were based according to the data compiled in the United States.

“The lowest labor cost in China has been rapidly rising”

The Chief of Asian Economist Andrew Tilton said that “China’s period of bizarrely strong competitive benefit in the field of exports may have ruined its course.”

“Wages have tripled in the last decade and now the labor force begun to shrink.”

The said changes led global manufacturers to shifting its production to other countries. The higher cost of labor and wages in China is prompting some companies to set up its manufacturing plants outside China or in its neighboring countries.