
Has Capitalism Made China a “Superior” Country
FRANKFURT (XFN-ASIA) – Rising salaries in China are forcing Adidas to transfer some production to other nations, the German athletic shoes and sportswear firm’s chief executive stated in an interview.”Nations like Laos, Cambodia and Vietnam will be added,” the Adidas boss noted.” “Salaries, which are set by the government, have grow to be too high” in China, Herbert Hainer told the dwelling business weekly Wirtschaftswoche.Chinese production of Adidas sportswear, about half of the group’s total, “is going to decline,” Hainer added.”Production will also return to former Soviet republics and eastern European nations,” but not to Germany, Hainer stated. FRANKFURT (XFN-ASIA) – Rising salaries in China are forcing Adidas to transfer some production to other countries, the German athletic shoes and sportswear firm’s chief executive mentioned in an interview.”Production will also return to former Soviet republics and eastern European countries,” but not to Germany, Hainer talked about.
