Low-cost manufacturing played a huge role in making China the second largest economy in the world by 2010, compared to the ninth largest in 1980. Now China is rapidly moving into medium to high-tech manufacturing as its labor costs have risen. “A decade ago, China wasn’t even on the map. Now they have the fastest computer in the world, even beating U.S. national labs,” says Michelle Drew Rodriguez, co-author of Deloitte’s 2016 Global Manufacturing Competitiveness Index. Read more
