Companies are leaving China and returning to Europe.

 

The internal devaluation that the eurozone is undergoing continues apace.

 

First it was export growth and a current account surplus that will be the largest in the world next year, surpassing China's 2007 figures.

 

Now, companies that once went to China in search of lower labor costs are starting to return to Europe, which could begin to undergo a process of 'reindustrialization'.