In a great piece at the HBR blog, Hal Sirkin from the BCG argues that increasing productivity in the US and increasing labor costs in China are making some US companies reshore their operations back the US.
Further, an article by Peter Marsh from the FT explains how US consumers and companies are beginning to value the "Made in the USA" noting that the cost advantage is not that great.
Brazil's Embraer chose Florida, while Germany's Volkswagen chose Tennessee. American workers are up to 3 times more productive than their Chinese counterparts...
According to Mr. Sirkin, up to 3 million re-shoring jobs could be created by 2020
Can you imagine how many more would be created with a 20% revaluation of the CNY?