''Is the era of a 'cheap China' coming to an end?''

From The Week

"China's massive cheap labor force helped fuel its economic boom by enabling the country to undersell its more industrialized competitors in the global marketplace. But the "pace of change in China has been so startling that it is hard to keep up," says The Economist, and the "old stereotypes about low-wage sweatshops are as out-of-date as Mao suits." The cost of labor is rising, and rapidly. China is even importing more than it exports, posting its largest trade deficit in 12 years in February — and some are saying that's a good thing. Here, a guide to the worker's evolution in China":........read more