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Companies have home thoughts from abroad

By Joseph Boris, Ariel Tung and Qiu Quanlin | China Daily | Updated: 2012-07-11 07:58

Companies have home thoughts from abroad

Companies have home thoughts from abroad

US firms returning, Joseph Boris, Ariel Tung and Qiu Quanlin report.

Companies, including General Electric, have defended their efforts in reshoring - moving work back to a company's country of origin - by citing a variety of factors.

These include lower energy costs in the US, largely due to discoveries of natural gas, that are helping to drive down operating and transportation expenses and labor-cost advantages caused by the narrowing wage gap between Chinese and US workers.

Companies have home thoughts from abroad

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