New powerhouse takes economic transformation up a gear

19:44, February 25, 2011      

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by Xinhua writer Tian Ying

Built on a reputation for high performance and precision engineering, a BMW motorcycle promises its owner a smooth ride.

But far from the race tracks and autobahns where these superbikes roar across the tarmac, a Chinese manufacturer of BMW motorcycle gears is being forced to make its own shift up -- in the industrial power chain.

Steel, energy and labor -- without them the assembly lines of Qiutian Gear would grind to a halt.

But the costs of all three commodities are rising so steeply that the Chongqing-based private company is facing a sharp cut in profit margins this year.

The severe labor shortage, in particular, is threatening to put a brake on Qiutian's development, says He Yonglin, secretary of the company's Communist Party of China branch.
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