Forgot your password?
typodupeerror
China Businesses United States

China Starts Outsourcing From ... the US 274

Posted by Soulskill
from the wait-what dept.
hackingbear writes: Burdened with Alabama's highest unemployment rate, long abandoned by textile mills and furniture plants, Wilcox County, Alabama, desperately needs jobs. And the jobs are coming from China. Henan's Golden Dragon Precise Copper Tube Group opened a plant here last month, employing 300 locals. Chinese companies invested a record $14 billion in the United States last year, according to the Rhodium Group research firm. Collectively, they employ more than 70,000 Americans, up from virtually none a decade ago. Powerful forces — narrowing wage gaps (Chinese wages have been doubling every few years), tumbling U.S. energy prices, the rising Yuan — up 30% over the decade — are pulling Chinese companies across the Pacific. Perhaps very soon, Chinese workers will start protesting their jobs being outsourced to the cheap labor in the U.S."
This discussion has been archived. No new comments can be posted.

China Starts Outsourcing From ... the US

Comments Filter:

Do not simplify the design of a program if a way can be found to make it complex and wonderful.

Working...