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The Asia Pacific region, particularly China, is currently considered the epicenter of global sourcing. In fact, China's success as a source of supply has also made it one of the world's fastest growing consumer nations. This duality - strong growth as a supplier and consumer nation - has huge ramifications. On the one hand, China's emergence as a key consumer market will likely strengthen its position as a source of supply. However, its preeminence as a "Low-cost country" could diminish because increased prosperity and urbanism usually mean hikes in wages. And low wages are a cornerstone of low-cost country sourcing.
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