There was an excellent article in The Atlantic last year about manufacturing in China:
http://www.theatlantic.com/doc/200707/shenzhen
It's a great article and I strongly recommend it. It correctly identifies the big issues like Chinese monetary reserves and what will happen when the government decides not to hold their reserves in USD. The article also touches on the human side of Chinese manufacturing and on the implications for our country, both short-term and long-term. I'll post other comments related to this article soon.
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