[baybal2]

There are more factors to it than just cost of labour.

Skilled assembly line workforce now comes at CNY10000-CNY15000 per month, more than the labour cost in cheaper US states, not to say that employers in USA pay close to nothing besides the salary itself (social security, pension fund, other welfare payments are minimal)

Yet, nobody runs to open factories in USA. Some Chinese companies tried, and everybody seen how it went.

In short: biggest manufacturing MNCs want nothing, but very skilled, educated, and young workforce coming at near no cost, and they bet everything on an all in investment in the country where have it.

Samsung chose Vietnam. Now it is 1/3 of Vietnam's GDP.