I think a lot of people underestimate how difficult it is to move manufacturing out of China. Manufacturing isn't all unskilled labour that can be moved to whatever the cheapest country is. There is a lot of expertise needed in modern manufacturing and these days China has most of the experts. I'm not saying it won't happen but it will be a more gradual shift over time than a sudden change.
This is correct. And China isn’t really interested in low quality sweat-labor manufacturing anymore. This brings in very little added value, and it damages the environment. But these jobs keep the lesser educated people from the villages occupied, and it gives them a chance to get their children a formal education.
Instead, they want massive robotic, automated, and mechanized manufacturing. Where a technician is standing by, and just watching the robots, for quality control.
All those assembly line technicians at Foxconn can go to college and train to be a Computer Scientist or Engineer. Then in another 10 years, China will have a massive amount of computer programmers, engineers, and AI scientists.
