Well not sure about the production costs but I will say that whenever we go driving around PanYu (which is a smaller town in between Guangzhou and Macao) I see a LOT of shops that make machining equipment.. and, spawned from those, literally hundreds of factories where you can get ANYthing manufactured out of any material.
No doubt with labor costs being what they are here, Panda will be able to make them at higher quality for the same price, or the same quality for less.
Average wages here for skilled workers is somewhere between 1/4 and 1/8 of those in the states. Engineers you can buy for $1000/month if they're good.
Either way, Panda must see the writing (and the $$) on the wall hehe.. I just asked my wife if she knows of Panda, and she responded with an enthusiastic "yes!".
Nothing like having a household name on the books!!
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