Will water soon be the next oil? Australian business journalist Geoff Hiscock discusses the coming war for economic resources from H2O, to oil, to land for food. Ever higher demands have placed ever higher pressure on these finite resources. Rising salary and the implementation of a minimum wage mean higher mainland production costs. As a result, some US firms have decided to move some production lines back home. But how high have costs really gone up? What's its impact on China's reputation as a cheap and efficient factory of the world?