China labour shortage prompts wage rises

China's decades-old 'one child' policy has led to labour shortages that could see an end to the country's reputation as a low-wage economy. The policy, introduced in 1978 to combat the country's rising population in the wake of the Cultural Revolution, limits Chinese families to a single child. Now the population curb is helping to put power back into the hands of the workforce. Foreign investors are starting to see wage demands increasing, as labour shortages enable...