Commentary For far too long, China has been the “world’s factory.” That sweater you’re wearing, check the tag. Does it say “Made in China”? Everything, it seems, is made in China—the Walmart of the World. Last year, as other countries were crippled by the pandemic, China’s manufacturing output, according to a Time report, was $3.854 trillion, “accounting for nearly a third of the global market.” As the journalist Srivatsa Krishna has noted, China’s manufacturing output is now “equal to that of the US, Japan and Germany” combined. Moreover, as the world’s largest exporter of goods, China appears to be in a much stronger position than the United States, the world’s largest importer of goods. However, all good things, as they say, must come to an end. The same is true for bad things. And a total reliance on China as a manufacturing hub is certainly a bad thing. But what if the “world’s factory” was to relocate elsewhere? According …