There are lots of people from the countryside, where, as far as I can tell, one's options are basically subsistence farming. Until the supply of people from the

There are lots of people from the countryside, where, as far as I can tell, one's options are basically subsistence farming. Until the supply of people from the countryside dries up (and it has, to some extant), there won't be a lot of wage pressure upwards. I don't think the RMB is pegged to the dollar. Certainly not like Hong Kong, which is an actual peg. The RMB has fluctuated between 6.2 and 7.3 the past few years. China does limit its daily level of change, though.