Sunday, July 10, 2005

economy - How China saved US jobs

A nice 'man-bites-dog' like story in the Chicago Tribune News, where a US entrepreneur in the tools business explains how Chinese investments saved his company in the mid-West.
Chinese investment in the Midwest--as elsewhere in the world--has amounted to a trickle so far. But that is likely to change. Despite the angst in Washington, business people and economic development officers throughout the region have been falling all over themselves to attract Chinese investment capital to their communities.

It might not convince those who see jobs disappearing abroad. And Chinese investments really contributing to valuable jobs outside China: I still have to be convinced myself.

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