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Manufacturing costs and taxes increase in China
Companies in China are feeling the impact of rising manufacturing costs and higher taxes and energy costs, especially along the coastal cities of Shenzhen, Shanghai and Xiamen.
Companies are being required to come up with a larger down payment for importing raw materials. In addition, the rebate on value added taxes for exports has been reduced and is cutting into companies’ profits. As a result some companies are closely examining their low-cost country strategies.
More companies are looking at Vietnam as a location to build products for export.
Manufacturing costs and taxes increase in China
February 27, 2008
Companies in China are feeling the impact of rising manufacturing costs and higher taxes and energy costs, especially along the coastal cities of Shenzhen, Shanghai and Xiamen. Companies are being required to come up with a larger down payment for importing raw materials. In addition, the rebate on value added taxes for exports has been reduced and is cutting into companies’ profits. As a result some companies are closely examining their low-cost country strategies.
More companies are looking at Vietnam as a location to build products for export.
Posted by Walter E. Buczynski on February 27, 2008 | Comments (0)
Industries: Strategic Sourcing
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