June 10, 202612:07 PM EDT:
WASHINGTON, June 10 (Reuters) - U.S. President Donald Trump said on Wednesday that he might not renew the USMCA free trade deal with Canada and Mexico. Speaking at the White House, the president said he was discussing the matter with Mexican and Canadian leaders.
Reporting by Bo Erickson and Gram Slattery; Editing by Doina Chiacu
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Manufacturing wages sit at 113.5K CNY. Purchase power parity factor is 3.53. That means those wages are equivalent to what US $32K per year buys you in the US. The trend is for this to grow 4-6% per year. Don’t know if Chinese welfare and high housing ownership is factored in.
https://tradingeconomics.com/china/wages-in-manufacturing https://data.worldbank.org/indicator/PA.NUS.PPP?locations=CN