Globalizatiion: Mexico gets helping hand from costlier China labor

Analysis: Mexico gets helping hand from costlier China labor | Reuters: "The Mexican economy is getting a helping hand from unlikely allies: Chinese workers whose rising wages are leading more companies to build factories in Mexico.......

Mexican factory wages are now about 14 percent higher than those in China, the Mexican finance ministry estimates. In 2002, officials calculate they were 240 percent higher, canceling out Mexico's natural advantage of proximity. ...

(This is) a positive sign for a country which has been in China's shadow for the last seven years in terms of U.S. import share and is also battling to control drug-related violence.

For the first time since China entered the World Trade Organization in 2001 and became an exporting superpower, Mexico posted a bigger gain in U.S. market share than its Asian rival during the first 11 months of 2010.  Mexico probably ended 2010 with just over 12 percent of the U.S. import market, its largest share ever."