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Why is China the world’s factory floor? Is it only because of lower wages? Why will it be years or

Why is China the world’s factory floor? Is it only because of lower wages? Why will it be years or decades before Vietnam and other aspiring manufacturing destinations are ready to replace China in this role?2. Since most manufacturing companies can rarely exit China altogether, what are the alternatives? Just as importantly, what are the costs and downsides of these alternatives?

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