You are right on govt regulations as part of what moved manufacturing out.
At what average manufacturing wage rate $ and minimum wage rate do you predict companies would move back here from China and create millions of jobs here?
If you
1) lowered taxes to 10-15% flat tax
2) abolished minimum wage
3) got rid of the thousands of dead-end regulation that skyrocket costs
4) abolished federal protection of unions
we would experience a greater economic boom that we did after the Reagan tax cuts. Soon, China would be off the economic radar screen.