Moreover, the Foxconn incident has drawn increased attention to the issue of low-income workers, pressing for substantial rise of minimum wages in many areas. In the meantime, as the economy grows in size and consumes more energy and resources, bottlenecks will become more acute.
With urbanization and industrialization rapidly progressing, the fast growing Chinese economy consumes massive amount of energy and resources and faces mounting pressures to protect the environment and address climate change. It is a general global trend that prices for non-renewable energy and resources and environment cost will be on a rise.