Bloomberg's Pesek Discusses Wage Increases in China

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June 28 (Bloomberg) -- Bloomberg columnist William Pesek speaks from Tokyo with Bloomberg's Rishaad Salamat about the impact of labor disputes in China on 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. Boosting salaries will help the government increase domestic consumption and move the economy away from a reliance on exports for growth. (William Pesek is a Bloomberg News columnist. The opinions expressed are his own. Source: Bloomberg)


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