I'd provide another reason

According to my friend who is the owner of an architecture design company and a real estate company, the salaries (not the grey income) are actually increasing at 20%-30% rate per year in China.  This is how his employees are paid.  A midiocre designer with 15+ years experience can earn 500-600K RMB/yr in salary. In fact he was talking with me about hiring in US. A sub-branch bank head (I used to work in Bank of China and know sub-branch head does mean much in a bank) in first line cities earn 1M in salary (note: this excludes grey income).  He gave me some other counts.  Even myself is very concerned with the house marker there, I value his opinions and consider it makes sense.  After all, he sees more and deeper on site. 

所有跟帖： 

• Don't have the data for Chinese manufacturor labor cost, -CirrusCloud- ♀ (384 bytes) () 12/29/2010 postreply 12:03:27

• 政府现在在减少对外出口的依赖， 增加和扩大内需， 这也是中国经济发展必须要走的一步 -一生有求- ♀ (0 bytes) () 12/29/2010 postreply 15:32:31

• 在国内的一线大城市的薪金不比欧美的低。上海北京有赶超美国的趋势。 -一生有求- ♀ (0 bytes) () 12/29/2010 postreply 15:30:32