Is China No Longer A Cheap Manufacturing Option?

A large portion of embellishment manufacturing – and even a lot of printing – for the scrapbook market is done in China to reduce costs. But as if the industry wasn’t taking enough economic hits lately with reduced consumer spending in the U.S., costs are going up dramatically for producing products in China. CNN Money has a great article up today explaining why the costs have gone up as much as 20% for some companies in 2008:

In China, Outsourcing Is No Longer Cheap