This is a really interesting article from the Economist that’s well worth a read. Check it out!
Manufacturing: The end of cheap China | The Economist.
Whilst I agree that the era of cheap Chinese labour is coming to an end, it is far from clear what will follow. This should provide strategic opportunities for Western owned businesses and Western Governments keen to boost jobs. Unfortunately, I struggle to see the UK’s Coalition Government nor the EU having the vision and strategy to gain competitive advantage from the end of cheap China.