Summary: Do rising labor costs and an appreciating renminbi spell the end of China’s role as the “factory of the world?” Do rising labor costs and the appreciation of the renminbi spell the end of China’s role as the “factory of the world”? Not so fast, argue the leaders of McKinsey’s Operations Practice in China. In this podcast, Nick Leung explores this issue with Martin Lehnich, Karel Eloot, and Alan Huang. They’re partners in McKinsey’s Shanghai office. Nick is Managing Partner of McKinsey’s Greater China Practice.
