Maybe it should be called re-offshoring.
Maybe it should be called re-offshoring. You may have heard about an American executive held prisoner in his Chinese factory by aggrieved workers. His company is Specialty Medical Supplies, based in Florida but producing syringes and other medical products exclusively in China. His workers were aroused by his closing of the Chinese injection molding division and moving it to India. Want to guess why? Was it for lower labor costs, since wages have been rising dramatically in China? Could this be another sign that the bloom is off the Chinese rose? (See this article in The New York Times).