The US manufacturing comments are interesting. I have always said that it doesn't make sense for us to compete with China because our workforce doesn't know component manufacturing. We build things like cars and windmills, we don't have people that are component experts. It makes sense for a Chinese or Taiwanese company to come here to start those initiatives though.
This guy is speaking out of his butt. One thing Americans are best at in the world is turning on a dime when markets change. If anything, this article is PR for an IPO on an Asian stock market. The biggest problem with China is its complacent, "take orders and don't question" mindset of the masses with few calling the shots. It is like steering a 100,000 displacement tons ship.
For example, I was managing a very mixed group of software developers from different cultures all over the world at a start-up a few years ago in Mt. View. One guy kept on coming to me and asking "What do I do next?" daily. For my first month of managing that group this recent immigrant didn't originate a single idea the entire first phase of the project. Whenever I ask for his opinion, he would just say, "I'll follow your directions."
Time went on and I moved him from a developer to a test position and told him not to write anymore code and check for compatibility issues. He never originated any ideas and just kept on following directions. When it came time to review his code, it was par for a second year CS major just doing what was needed and nothing else. No optimization, no performance checks, no API validations, it "just worked as instructed."
My most critical performance review was of him and listed one of his issues as "no origination of original ideas nor opinion." This guy went ballistic when he got his review and started to scream "I did everything you said!" Later I learned on that in his culture, original ideas were only permitted from the top of his society and it went down to where he just followed orders. That robot mindset carried into him working in the States.
That example is the major flaw of most eastern cultures with some exceptions here and there. Foxconn is a classic "Do what the man says and do it cheaply." When I read they just bought more equipment to run the iPhone 4 antenna frame manufacturing faster, I laughed out loud. A good CM would invent a faster manufacturing process and not pour on the additional equipment and labor just to make it faster.
This is where America excels IMO. When the world things they have America by the balls, we grow more balls in places they can't even reach. This recession is going to create innovations that the European socialists and eastern masses will not understand for decades.
That is what I'm betting on.