The manufacturing jobs reorganization ["decline"] in China does not get at the bigger picture...they are shifting from peasant manufactures, say pig iron, to the new technologies, of numerous grades of steel.
You can say they are becoming more productive workers. But for Bejing this is not about the workers. Focussing on Chinese workers misses the real point in what is going on. The Red Chinese Government is getting our steel-making plant and abilities. Something they previously lacked.
And the closure of the old obsolete plants frees up more of Bejing's resources to continue its economic Black-Hole operations against the U.S. It gives them more currency, and a fresh labor force to throw into the export sector.
Keep your eye on the ball.
that is true, but its hard to get people to look into the future. textile, consumer electronics, small appliances, xmas tree lights, toys - those industries aren't coming back to the US, even if the chinese currency floats. we need the revaluation of chinese currency to stop the current wave of industries leaving the US for china - semiconductors, technology, automobile manufacturing, high multiple manufactured products like aircraft subassemblies, etc, etc.