"Lower labour costs account for 39% of the China Price advantage. A highly efficient form of production known as "industrial network clustering" together with catalytic Foreign Direct Investment add another 16% and 3%, respectively. The remainder of the China Price advantage is driven by more mercantilist elements. Export subsidies account for 17% of the advantage, an undervalued currency adds 11%, counterfeiting and piracy contribute 9%, and together, lax environmental and worker health and safety regulatory regimes add another 5%."

Some hard figures finally !