One must also recognize that low labor costs are an essential component of China’s competitive advantage. Along with tighter margins, low-cost financing, and cheaper materials, this allows Chinese firms to compete for projects with tenders for as little as half the price sought by their Western competitors.
但必须承认的是，劳动力成本低是中国竞争优势的一个重要组成部分。利润紧缩，融资成本低，材料更便宜，这使得中国企业能在投标中用只有西方竞争对手一半的价格来获得项目。