Anything you can take the effect of labor out of the equation by either increasing your manufactured quantity or automating the process, you can do well against china. Freight on heavy goods is a real equalizer as well. We've been competitive with china since 2009. Once we had the volume, the other aspects fell in place.
All of this is an attempt to move from 8 bending machines that are constantly having tool changes, to 40+ dedicated, one size/radius benders that will enable us to take on short order custom work and produce our stocking quantities on demand. This is the business model of the largest of the bending companies in the US, and most of these guys are 400-600 mil + a year companies. I'm a zit in comparison right now because I can't do custom or short order production work. I probably turn down 3 mil a year in this stuff alone right now and the big boys wont even talk to me yet. Still too little.