China US manufacturing: Are the days of China as a manufacturing hub over? This question has sparked fervent discussion since China glass mogul, Cao Dewang, openly compared the cost of running factories in the US and China to justify his US$1 billion factory investments in the American Rust Belt, reports Lin Wanxia. “Except for labor, everything in China is more expensive than in America,” claims Cao, who owns Fuyao Glass Industry Group, China’s largest auto glass manufacturer.READ THE STORY HERE
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