It’s the usual Dave Goldman China-Russia boosterism. It takes time to move things out. In that interval, Chinese exports to the region will rise as components are assembled in those other countries instead of being assembled in China and directly exported from there. In time, components will be built and assembled outside of China. At that time, exports from China will crash. In many ways, this is similar to the pattern for Russia exports. First the boom, then the extended bust.
Agreed, and if the Dollar does lose its reserve currency status, we will see manufacturing return to the US at an amazing rate. China can’t have it both ways: it cannot become a world player and keep the Yuan pegged to the Dollar. The Yuan will eventually float, and when that happens, Chinese goods will become really expensive here.