根据以下内容，回答212-216题。Risingwages--名校题库网

根据以下内容，回答212-216题。

Rising wages -- together with currency fluctuations and high fuel costs -- are eating away the　once-formidable"China price" advantage, prompting thousands of factory owners to flee the Pearl　River Delta. Much has been written about the more than doubling of wages at the Shenzhen factory　of Foxconn, the world's largest electronics contract manufacturer, which produces Apple iPhones　and iPads and employs 920,1300 people in China alone."One can talk about a world pre- and　post- Foxconn," says Victor Fung, chairman of Li & Fung, the world's biggest sourcing' company　and a supplier of Wal-Mart. "Foxconn is as important as that."

Foxconn's wage increases are only the most dramatic. Our analysis suggests that, since　February, minimum wages have climbed more than 20 percent in 20 Chinese regions and up to 30　percent in some, including Sichuan. At a Guangdong Province factory supplying Honda, Wages have　risen an astonishing 47 percent. All this is bad news for companies operating in the world's　manufacturing hub, and chief executives should assume that double-digit annual rises -- if not on　the scale witnessed this year -- are here to stay.

Looked at another way, however, wage inflation provides companies with a once-in-a-generation opportunity to rethink radically the way they approach global production -- and they　should do so sooner rather than later.

Why the urgency? After all, wage hikes in China are nothing new. Since 1990, they have risen　by an average of 13 percent a year in U.S. dollar terms and 19 percent annually in the past five　years.

There are two big reasons the situation is different now. The first has to do with productivity.

Over the past 20 years, productivity increases have broadly matched wage increase, negatitlg their　impact. The pay rises came from a very low base, so while average wages grew 19 percent a year　from 2005 to 2010, this amounted to only ~260 a month per employee, a sum that could be offset　by more efficient production or switching to cheaper sources of parts and materials.

If labor costs continue, however, to increase at 19 percent a year for another five years,monthly wages would grew ￥623 per month, according to BCG estimates. Such an increase would　ripple through the economy in the form of higher prices for components, business services, cargo-handling and office staff.

The second reason relates to societal change. Until now, if has been easy to lure a seemingly　unlimited number of young, low-wage workers to the richer coastal regions and house them cheaply　in dormitories until they saved enough to return home to their famihes in the interior provinces. In　the future, though, young workers will be harder to recruit. This is partly because there will be　fewer of them: Largely because of the country's one-child policy, the number of Chinese aged 15to 29 will start declining in 2011. Moreover, with living standards rising across China, fewer of　today's rural youth will want to go to coastal regions to toil for 60 hours a week on an assembly　line and live in a cramped dormitory.

So what can CEOs do in this fast-changing environment? An instinctive reaction is to search　for cheaper labor elsewhere. But this is short-sighted and would provide -- at best -- a short-term　fix. Another option is to stay in China and try to squeeze out greater productivity gains.

According to paragraph 1 and 2, we can summarize that （　　）.