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Mexico Beats China as Wages Converge With Shipping

When Cessna Aircraft Co. sought a low-wage country in 2006 where it could manufacture airplane parts, its first instinct was to go to China.

After struggling to find a way to ship supplies to the Asian country in less than a month, the Wichita, Kansas-based producer of light airplanes discovered a better solution just across the U.S. border: Mexico.

Source: Bloomberg

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