Is ‘Nearshoring’ the Third Way for Post-COVID Global Commerce?

On the other hand, operating in China is fraught with its own basket of problems, most notably poor intellectual property protection, the increasing cost of labor, and especially favorable treatment by the government for local Chinese companies. Labor costs are also continually rising in Asia. The US-China Business Council report shows that 62 percent of respondents increased wages by 5 percent to 10 percent, while 8 percent increased wages by more than 15 percent.