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"China is no longer the developing economy that relies on low costs but today it competes on the mid- to high-end markets and if it is to be successful it has to step up the reliance and quality of its products and production," said Niklas Swanstrom, director of the Institute for Security and Development Policy.
"But the fact that we've got the same product as them makes it very difficult to say that Australians can't call the same honey by the same name.
"But with the financial crisis, things got worse slowly," Naruse said. "This time, they got bad all at once."
"China has indeed contributed to the global wage growth," said Su Zhongxing, dean for Human Resources Management at Renmin University of China. "China has a large labor population, and also its wage grew rapidly in recent years. These factors obviously helped the world's wage to rise."
"China is the world's largest smartphone market. Samsung's limited presence in China has considerably harmed its business," Xiang said, adding that Samsung's business in India is also heavily affected due to city lockdowns.
来源：资阳报