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What China has now, that most of those other countries did not, is our worldwide manufacturing base gripped by the short-hairs. I continue to see an amazing amount of manufacturing and new business moving to China. The Chinese standard of living will hopefully improve and take at least some of the steam out of that movement.
Feels like a complex situation. I know we can't compete right now without joining our competition by doing increasing business in China. I expect in 10 to 20 years the hot spot will be somewhere in Africa but my timescale could be off. It was Thailand, Malaysia, and India before it became China. Though I don't count India out, at least for engineering outsourcing and call centers.
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