The document summarizes key issues that will impact global supply chains from China: 1. Currency revaluation and increasing labor costs will significantly raise production costs in China over time. Labor costs have nearly doubled in the past few years and this trend will continue. 2. There is very limited capacity to shift large-scale production to other Asian countries to replace China. The combined exports of all alternative countries is still much smaller than China's exports. 3. China faces a labor shortage due to an aging population, low birth rates, and younger workers not wanting factory jobs. This will further increase costs. 4. Political tensions and the threat of trade wars could escalate as countries accuse each other of currency