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| Thursday, August 28, 2008 19:53:39 |
70% of Chinese manufacturers plan to raise export prices, says survey
Global Sources' Third Bi-Annual China Supplier Survey shows that 70 percent of mainland China manufacturers plan to raise export prices in the next 12 months.
The China Supplier Survey compiles data from a range of consumer products exporters to give buyers who source from the region 12-month projections on pricing, capacity and production trends.
General Manager of Global Sources' Content Development, Michael Kleist, said: "Higher metal and plastic prices, higher domestic labor costs and a potential revaluation of the yuan have resulted in many mainland China manufacturers predicting higher prices in months ahead.
"However, due to fierce competition, 52 percent of respondents expect to limit price increases to 10 percent or less."
Exports to the Middle East, Africa, non-EU European Countries Expected to grow. "North America and the European Union (EU) are key export markets for 61 percent of surveyed suppliers,” said Kleist.
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