China has the reputation of being the world's factory, where insanely low labor rates make it attractive to make things for consumers. As the economy matured, however, it was only a matter of time before other countries started to look cheaper than China.
This is already happening in the labor-intensive apparel industry. A lot of Coach bags are made in China since labor is cheap there. So are products made for Ann Taylor and Guess. Recent wage increases in China, however, are forcing these manufacturers to look at India, Vietnam, Cambodia and Indonesia as alternatives.
Rising Costs Force Apparel Makers to Look Beyond China - WSJ.com
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