This is not true.
There is now a skill gap. There are countless examples that it isn't about being cheaper. The organisation and optimization of the workforce and infrastructure isn't something we can ignore. The choice of China isn't because it is cheaper, a lot of high-end and even luxury products are produced in China because they can ensure a high-quality manufacturing.
There are other places, as the comment above mentioned, that can produce for cheaper.
This is not true. There is now a skill gap. There are countless examples that it isn't about being cheaper. The organisation and optimization of the workforce and infrastructure isn't something we can ignore. The choice of China isn't because it is cheaper, a lot of high-end and even luxury products are produced in China because they can ensure a high-quality manufacturing.
There are other places, as the comment above mentioned, that can produce for cheaper.