Ethiopia Becomes China’s China in Search for Cheap Labor - Bloomberg

Ethiopia Becomes China’s China in Search for Cheap Labor - Bloomberg China’s average manufacturing wage is 3,469 yuan ($560) per month. Pay at the Huajian factory ranges from the basic after-tax minimum of $30 a month to about twice that for supervisors. By contrast, average manufacturing wages in South Africa, Africa’s biggest manufacturer, are about $1,200. The duty-free and quota-free access that Sub-Saharan Africa enjoys for the U.S. and EU markets gives additional savings thanks to the African Growth and Opportunity Act for the U.S. and the EU’s Everything But Arms accord for the poorest countries. Import tariffs on shoes made in China range from 6 percent to as much as 36 percent, Zhang said.http://www.bloomberg.com/news/2014-07-22/ethiopia-becomes-china-s-china-in-search-for-cheap-labor.html?utm_source=The+Sinocism+China+Newsletter&utm_campaign=603de7b770-Sinocism07_23_14&utm_medium=email&utm_term=0_171f237867-603de7b770-29615013&mc_cid=603de7b770&mc_eid=5935182a65