China will someday be No. 1

"I am, to be honest, deathly afraid to establish business overseas. And, I am kind of afraid not to," said Robert Peuterbaugh, who has been running his family's toolmaking business, Joint Production Technology Inc., since 1985.

"I wasn't so afraid until I went to China and saw how smart, diligent and attentive they are. They're not Mexico, which was built on the concept of cheap labor. China is scary." More at Detroit Free press