China has had a good run as the dominant manufacturing nation in the world, but with costs rising, what’s next for imports?
For years China has held the gold medal for nonfood exports sold in U.S. supermarkets. Now, with global market conditions shifting, it might be challenged for this preeminence, possibly even by a resurgence of manufacturing in the United States. As China prepares to host the Summer Olympics this week, most industry sources agree the country is entrenched as the world leader in hard lines, but its continued leadership is debated because of: Skyrocketing energy costs that impact ...
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