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    Alex, those are the wages of 15 years ago. China's average manual wage is now about £1.80 an hour, and each province now has a minimum wage of up to £1.40 an hour. The cost of living for a working class family is about a quarter of the UK's. So the problem is not one of low wages per se but of a currency deliberately undervalued. The Americans have been banging on about it for 30 years and it is only going to change gradually.

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