Abundant and cheap labor forces have made a great contribution to the economic take-off of China，which are considered as comparative advantages over other foreign countries. In recent years，with the rapid economic development and rising wage levels，the phenomena such as the “Labor Shortage”，collapse of small and medium-sized enterprises，and the outflow of the labor-intensive industries have attracted wide attention and discussion on the competitive advantages of Chinese manufacturing. This chapter uses labor remuneration，labor productivity and unit labor cost compared to unit output as three main indicators to analysize the present situation and development trend of competitive advantages of Chinese labor cost by comparing China with other main countries. Through the study finds that greatly increasing of unit labor cost could not be seen in China because the growth of labor productivity offset the quick increasing of the labor remuneration since 2003. However，the increasing of labor remuneration in China is a tendency，Chinese manufacturing must shift from rely heavily on the price advantage derived from low labor cost to a new competitiveness.