Originally Posted by
jiejie
For many items, it's been an illusion for awhile that China is a low-cost country--when you figure in what's been circumvented in China to keep those costs unsustainably low, it's not such a sad prospect for China to start being on the Losers' End for a change.
China is still a low cost country, and will remain so even with the upcoming wage increases and further appreciation of the RMB. I helped a guy buy a special type of light bulbs last month, and the cost was pennies on the dollar compared to in the US. Sure, VN or India might have been cheaper, but they don't make the product he required there... so moot point.