Re: Grow a pair
It's not really that bad of a bullet, we're just pretending it is because we're scared.
Companies have been moving manufacturing from China for easily a decade now, primarily to other East and South Asian countries but also back to their home countries. What we've learned from that is that China really is a fairly minor optimization at the end of the day, even more so once you account for the cost and complexity of moving all the goods back out when they're done, and the bullet is actually more of a bb.
China doesn't have anywhere near the lowest wages in the region anymore, the average annual salary of a person working in a Chinese urban centre is a bit over 15k USD. For an important point of comparison that's about the same as the average income in Mexico, and is comparable to or significantly greater than the average income pretty much anywhere on the planet outside North America, Australia, Korea/Japan and the EU. That's a lot of options in a lot of regions that don't require multi-month waits on boats full of crates to return the goods. Even within the EU places like Slovakia, Hungary and Portugal are actually quite competitive with China (slightly higher incomes but your goods get finished right in the EU).
Moto X probably provides one of the more illustrative examples of how small the gap can be (MSRP $400 for a mid-range phone made in Texas), and it has shrunk significantly since then.
That's without discussing the risks of operating in China, just on benefits it barely makes sense anymore. And if you want proof from the horse's mouth, look at the levers China is pulling. China is well aware that at this point their consumers are more valuable to companies than their labour, it's not their labour they keep threatening to cut off access to, it's their consumers.