[MRM]

This has been going on for a long time. My wife works for a large manufacturing company some on this board might have heard of and they haven't build plants in China for cheap labor for a long time. They build in China to sell to their domestic market, to be close to raw materials and to have access to skilled workers. Indoneasia, Bangaladash, Vietnam are all lower cost manufacturing sites.

China has a long way to go but they'll go the route of Japan and Korea soon. It used to be that Japan was the center of low cost wages. Then they became the highly skilled manufacturing center and low cost/low skill stuff was made in Korea. That ended maybe 20 years ago. China and the smaller Asian Tigers are next in line. 20 years from now people will be writing about the Bangaladashis taking over the world and China will be just Europe East to most Americans.