All the US businesses that have plumped profits by outsourcing to China are getting nervous about losing their access to cheap labor. That's why the WSJ publishes articles like this. They'd sell out the US to China in a New York minute.
I don’t think China is even considered cheap anymore. When I go to a typical retail store in the U.S. I’m seeing more and more things from Vietnam, Malaysia and even the former Yugoslav republics.
Xi wants to have his place in history right next to Mao...the best way to do that is to do something Mao didn’t do...take Taiwan. But it’s an all in poker move...if he loses he’s a dead man. Will he take the gamble? If he wants to, now is the time.
I see a lot of the stuff in auto components that went to China (before that it was US, then Mexico and Korea) going to India, Indonesia, and Vietnam.
I think China has moved up the wage/cost scale and is facing the same issue that the US and Mexico did.