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Still, Taiwans national minimum wage is more than double Shanghais minimum wage (the highest in mainland China). 324; China Daily, China increases education spending in 2016, http://www.chinadaily.com.cn/china/2017-05/04/content_29203196.htm; Journal of Global Economics, Trends, Growth and Changing Patterns of Public Expenditure on Education in China, 2016. Retrieved from: https://www.nist.gov/news-events/news/2015/05/nist-awards-78-million-advanced-manufacturing-technology-planning-grants. In this section, we examine several countries that did not perform very well on our index, looking at what problems they face and how their policies inhibit manufacturing development. In comparison, all citizens of the former countries must acquire a visa prior to arrival to travel to mainland China. +852 34613193 (English and Cantonese) We find that Chinese unit labour costs are about 25-40 per cent of US labour costs. Enjoying this article? Source: Pentland Analytics, 2017 Resilience Index Annual Report, pgs. In contrast, Spain dropped in manufacturing performance from ninth in 2005 to 14th in 2015. We found these nations performed well due to their policies, cost considerations, workforce investments, and infrastructure. Each industry will receive an influx of funding from a pool of NT$100 billion (US$3.3 billion) to build research facilities and infrastructure and support innovation and R&D growth. The rankings evaluate 85 countries across 26 rankings drawn from a survey of more than 17,000 global citizens, measuring 73 dimensions that have the potential to drive trade, travel and investment and directly affect national economies. PriceWaterhouseCoopers, A Homecoming for U.S. Manufacturing, July, 2016. Finally, Indonesia needs to improve its infrastructure and traffic flow. The U.K. provides tax incentives that facilitate excellent manufacturing research and development. Labor > Salaries and benefits > Minimum wage: Countries Compared A Taiwan conflict in which the United States and its allies win the battles but lose the war would not be a historical first.