Rising costs squeeze Chinese factories; some look to cheaper markets


The Canadian Press
February 21, 2008 - ...of China's currency, the yuan, also contributes to the problem.At IKEA's Shanghai store, a stroll down the aisles finds most products made in China, rather than Europe or the U.S. But a growing share of the goods come from less developed markets: stuffed toys from Indonesia, wooden train sets from Bulgaria, colourful rugs and throws from India, bed sheets from Ethiopia, baskets and wooden trays from Vietnam."We are constantly having to compete with other countries and...


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