Over the last several years, I have held the belief and observation that China, especially the coastal areas of the country, is quickly becoming almost a different country within the vast nation.  Different?  Yes, in terms of standard of living, wages / labor costs, and no more a place well known for vast factories churning out products at super low cost.  The reality is that the big cities on the coast of China are quickly becoming populated with a large middle class and standard of living (and costs) are going up fast.  Just think at a high level: * cost of fuel (gasoline) is almost the same as in the US                                                        * real estate costs are higher than many places (large cities) in the US                                  * food prices are moving up fast with many local restaurants charging for entries similar to what prices are in the US

Recently CNBC had a short news article about that as well:

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