U.S. fast food giant Yum Brands Inc. reported recently that its labor and commodity costs in China were likely to increase in the second half of 2010.
According a senior company executive, in the first half of 2010 the company's labor costs increased by USD12 million, and they may increase again by USD32 million in the second half of the year.
The executive added that wage rises in 2009 in China were a little less than the norm, and that 2010 has been a catch-up year with higher than normal inflation.
