This is BAD - for locals that is.
On the other hand, it is GOOD for business operators and companies
large or small.
But over the long run, we will have a growing pool of rather bitter
and resentful locals who low-end jobs are lost to PRCs.
And mind you, these aren't Talent Intensive occupations that the
PRCs are robbing our locals of.
But one glimmer of hope though; one fine day, when China inevitably
suffers inflation due to their accelerated growth, these PRCs who
excepted low salaries will begin leaving as their salary no longer
foot bills back home...
The rule of "What Goes Up, Must Come Down" will always apply, as
much as "What Went Down, Will Surely Rise Again"!
