A new report suggests the rising cost of labour in China will lead to the revival of manufacturing jobs in the United States.
China's traditionally low wages have led many American companies to shift production there but the report, by the Boston Consulting Group, suggests that may be about to change.
It says up to 3 million jobs could be created in the US by the end of the decade as American companies revert to domestic production.
The report points out that Chinese labour costs are growing at a rate of 15-20% a year and with the Chinese currency also strengthening against US dollar, the country will gradually cease to be as attractive as the default cheap production line for American companies.
The BBC reports that China overtook the US last year as the world's largest manufacturer but the picture painted by the Boston Consulting Group report is much rosier in the medium-term.
