RMB APPRECIATION

According to an HKTDC survey, carried out in the third quarter of 2014, 67% of responding Hong Kong companies experienced a rise in labour costs on the mainland compared to the previous quarter. Of those respondents who experienced higher labour costs, 29.9% said the increase was more than 10%, while 49.2% said the increase ranged between 5% and 10%. More

According to an HKTDC survey in the third quarter of 2013, 62% of responding Hong Kong companies experienced a rise in labour costs on the mainland when compared to the previous quarter. Of those respondents who experienced higher labour costs on the mainland, 27.4% said the increase was more than 10%. Compared to the third quarter of 2012, the rates of increase appear to be moderating, but the general wage level still shows an upward trend. More