China is no more competitive on labour cost for a few years now, textile sector offshoring began in 2014, since 2018 low value added textile work is virtually dead in China. The network effects (true wealth of chinese manufacturing) in other sector less dependent on labour costs got destroyed by draconian, impulsive and nosensical policies from the government, prompting rational actors (most private companies in a competitive framework) to move out, chinese companies on the first line