Labour Costs in China decreased to 58.80 points in February from 59.70 points in January of 2025. This page provides - China Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The research concluded that China can no longer be considered a low-cost country, as its labor rates have significantly increased. The lowest-cost countries in the study are now India, Mexico, and Vietnam.

Discover the intricate tale of hourly labor wages in China vs. the U.S. over the past decade. Delve into the economic shifts, government policies, and social factors shaping wage dynamics. Explore the widening gap and narrowing trends, alongside future outlooks impacting global labor markets.

Feb 28, 2025 · The latest comprehensive information for - China Labour Costs - including latest news, historical data table, charts and more.

Aug 29, 2024 · In 2018, manufacturing labor costs in China were estimated to be 5.51 U.S. dollars per hour. This is compared to an estimated 4.45 U.S. dollars per hour in Mexico, and 2.73 U.S....

The current value of the Labour Costs in China is 59.7 Points. The Labour Costs in China decreased to 59.7 Points on 1/1/2025, after it was 62.1 Points on 12/1/2024. From 9/1/2011 to 1/1/2025, the average GDP in China was 81.31 Points. The all-time high was reached on 9/1/2011 with 97.4 Points, while the lowest value was recorded on 4/1/2020 ...

China is no longer considered a low-cost labor market. With the rapid development of the Chinese manufacturing economy, China’s labor rates have risen enough to be average among the countries considered.

Mar 17, 2025 · In December 2024, China's monthly labor cost index ranged at 62.1 index points. This was up from 61.4 points in the previous month.

Oct 18, 2022 · Research gathered by the non-profit advocacy and consulting group, The Reshoring Institute (TRE), shows rates paid to laborers in China has significantly increased — as much as doubling in the past few years — meaning China can no longer be consider a low-cost labor country, the institute says.

Mar 1, 2021 · Labor costs in China have been increasing dramatically in recent years, spurring worries that the country may lose its comparative advantage in manufacturing and its role as the “World’s Factory”.