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I don't think it's something that can be centrally planned well.

If the US changes their environmental regulations to match China, lowered their tax-to-GDP ratio to match China, changed their worker regulations to match China, and then opened up free immigration from Mexico for cheap factory labor then the "free" market would likely take care of opening up quite a bit more manufacturing.

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china did not synthesize shenzhen through having poor environmental regulations and cheap labor, nor would one expect to have a shenzhen appear spontaneously in the us if the us allowed in unlimited migrant labor and abolished all environmental law.

Hell, don't even match it. Split the difference and it would unleash a torrent of economic activity.

It will never happen because there's too many industries and jobs that only exist because of all that regulation and will fight tooth and nail to avoid a short term haircut.

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