I was looking for frontier markets as an investment for these very reasons.  China will outsource to others when they get expensive.

This is not a new idea, US, Japan and other developed markets have been doing this for yrs.  Meaning opportunities will be created else where for certain markets.  Each player must decide what is 'core' to their growth, and keep that locally.  Non 'core' will be outsourced if it can be done cheaper elsewhere.

The frontier markets offer what the emerging markets offered 10 yrs ago.  Risk, default, accounting errors, corruption, and fantastic returns.  Vietnam in the past yr.

What I think is more interesting is the countries with strong currency and trade,  the upper right in the chart DrH posted, where are they making their investments?  Why? 

China is going around the world making deals for 5-10 yrs out, resources, and obtain knowledge in areas they are weak.

I'll vote for globally balanced investments..