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January-2013

Only a year after ending the U.S.’s 110-year leadership run, China’s days as the world’s largest manufacturing nation are already numbered, according to a growing number of media and analyst reports, which point out that China’s labor costs have been rising inexorably, while its demographic dividend is rapidly dissipating, and rising oil prices are making long-distance transportation costs to its major export markets in the U.S. and Europe unsustainable.  At the same time, breakthroughs in shale gas conversion have significantly lowered domestic factor costs for U.S. firms, who are further reducing costs through a new-found respect for the art of manufacturing.  As a result, China may soon replace Detroit as the world’s next rust belt, according to a recent article in Forbes.

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