The so-called “world’s factory” may finally no longer be a source for products as cheap as they are today.

After a prolonged time of boosting demands by making production costs more competitive than its rivals, prices of “Made in China” goods could be on the verge of rising, even as global demand remains tepid.

Bloomberg reports that Chinese manufacturers are beginning to consider price hikes as a way to recoup lost margins, after prices and production costs appear to have hit a new floor. Manufacturers interviewed by Bloomberg at various Chinese trade fairs have expressed a uniform sentiment of seeking possibilities to increase their prices to make up for rising labor and material costs, sometimes in order to survive in their respective industries.

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