That is true, but for the past several years, China has had a net loss of manufacturing jobs. These jobs are being lost primarily due to automation and technology imporvements, not because they are being outsources (which they are). Many of the outsourced jobs have returned due to the difficulties of having working with other 3rd world countries.
True!
From 1997 to 2005 China lost 16 million manufacturing jobs while the US lost only 2 million.
My point is that through Lean practices (faster and cheaper) and 6 Sigma processes (center the mean and reduce variation) manufacturing jobs will continue to disappear worldwide over the next century.
The goal is to be the country that understands the the future of manufacturing and conducts its policies accordingly.