Viewpoint: Why is China Cheaper? | IndustryWeek
Viewpoint: Why is China Cheaper? Cheaper prices are due to a complex, national strategy of China to become the preeminent superpower of the 21st century. Michele NashHoff. Aug 18, 2011. Most people would say the answer is obvious lower wages in China compared to the United States. However, that answer is only partially true. Why? Because labor is only one part of the total cost of a ...