<b>China 2007</b>: Bike Industry Faces Mounting Cost Pressure

BEIJING, China - Its not evident in the production volume of complete bicycles and components, which continued to grow during 2006. However, the competitiveness of the Chinese bike industry received some serious blows last year as production and transport costs rose rapidly. Labour is becoming more expensive and more strictly regulated, while serious quality problems have even spurred the central government to take action. Will China still be the workshop of the world by the end of the decade?