According to reports, the 2017 China Economic Situation and Reform Seminar was held in Beijing on April 29. Song Xiaowu, Chairman of the China Economic Reform Research Foundation, attended and spoke. Song Xiaowu said that in the past, our economic development was based on low labor cost competition, and

Internationally, it is publicly stated that China's labor costs are low. "Low labor costs will hinder economic progress," Song Xiaowu said. In the previous stage, China's low labor costs covered up other costs, such as logistics and land.

A reasonable increase in costs will help the government to properly examine the business environment. He also said that an increase in wage levels can force companies to change the "sweat and sweat" business system, promote the technological progress of labor companies, and then "force" the transformation of economic development methods.

Improve the quality of employment. He also said that the hourly labor cost of manufacturing in China is still at a relatively low level compared with the United States. China's labor cost is not higher than that of the United States. Cao Dewang built a factory in the United States because of other costs, while employee compensation in the United States is higher than that in China.

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