Russo Says Wages in China Must Rise to Boost Consumption

Bloomberg TV, June 25, 2010

Bill Russo, president of Synergistics and a senior adviser at Booz & Co., talks with Bloomberg's Rishaad Salamat about the implications of factory strikes in China for the nation's economy.

Widening labor unrest has forced auto parts makers to raise wages in China, increasing production costs for Toyota Motor Corp. and Honda Motor Co. in a nation that accounted for about a fourth of Toyota’s vehicle sales last year. (Source: Bloomberg)

Click here to view the story and video at Bloomberg News

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