FRANKFURT (XFN-ASIA) - Rising salaries in China are forcing Adidas to transfer some production to other countries, the German athletic shoes and sportswear firm's chief executive said in an interview.
"Salaries, which are set by the government, have become too high" in China, Herbert Hainer told the business weekly Wirtschaftswoche.
Chinese production of Adidas sportswear, about half of the group's total, "is going to decline," Hainer added.
"We have already opened our first factory in India. Countries like Laos, Cambodia and Vietnam will be added," the Adidas boss noted.
"Production will also return to former Soviet republics and eastern European countries," but not to Germany, Hainer said.
FRANKFURT (XFN-ASIA) - Rising salaries in China are forcing Adidas to transfer some production to other countries, the German athletic shoes and sportswear firm's chief executive said in an interview.
"Salaries, which are set by the government, have become too high" in China, Herbert Hainer told the business weekly Wirtschaftswoche.
Chinese production of Adidas sportswear, about half of the group's total, "is going to decline," Hainer added.
"We have already opened our first factory in India. Countries like Laos, Cambodia and Vietnam will be added," the Adidas boss noted.
"Production will also return to former Soviet republics and eastern European countries," but not to Germany, Hainer said. FRANKFURT (XFN-ASIA) - Rising salaries in China are forcing Adidas to transfer some production to other countries, the German athletic shoes and sportswear firm's chief executive said in an interview.
"Salaries, which are set by the government, have become too high" in China, Herbert Hainer told the business weekly Wirtschaftswoche.
Chinese production of Adidas sportswear, about half of the group's total, "is going to decline," Hainer added.
"We have already opened our first factory in India. Countries like Laos, Cambodia and Vietnam will be added," the Adidas boss noted.
"Production will also return to former Soviet republics and eastern European countries," but not to Germany, Hainer said.
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