"Companies, including General Electric, have defended their efforts in reshoring - moving work back to a company's country of origin - by citing a variety of factors.
These include lower energy costs in the US, largely due to discoveries of natural gas, that are helping to drive down operating and transportation expenses and labor-cost advantages caused by the narrowing wage gap between Chinese and US workers.
The steady appreciation of the yuan has also diminished the currency-exchange advantage that made China a hugely successful exporter."
see Companies have home thoughts from abroad[1]|chinadaily.com.cn
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