China's Manufacturing Jobs Moved Overseas - TIME

On May 25, U.S. businessman Charles Hubbs made the short trek to Hong Kong from his office just outside Guangzhou, a city in Guangdong province in southeastern China that is known for good reason as the manufacturing workshop of the world. For the 64-year-old native of Louisiana, it was a trip that may have marked the beginning of the end of his successful 22-year run as a China-based exporter of medical supplies.
Looking good for the US since we don't have to compete with China as much anymore... seems to me like with all this recent bad news about China's economy they are not going to "take over the world in 50 years" like everyone liked to say.