“China has a 15-year head start—whatever you want, someone’s doing it,” said Wing Xu, the operations director for Omnidex Group, which helps make large pumps for Pennsylvania-based industrial equipment manufacturer McLanahan Corp....Checkpoint Asia
Manufacturers Want to Quit China for Vietnam. They’re Finding It Impossible. Nobody has China's scale, infrastructure, experience, and supply chains
Niharika Mandhana, The Wall Street Journal
1 comment:
They said it about the US and before that UK. Production has to leave china, prices are too high anyhow. It just moves up the pace a few years. Those jobs are leaving and never coming back. It only gets worse as population decline sets in and deflationary excesses of investment take their course. The Asian decade fades as center of Economic and financial universe inevitably moves toward India, Middle East and North Africa where all the development, investment and population growth is happening
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