Who woulda thunk it??

[Nuggler]

Chinese companies buying land in Southern USA, starting up factories, hiring American workers, to make goods, some of which................ship back to China.

Well, why not?? People need the jobs. China's got the bucks.

Sympatico.ca Finance | Videos

 

[petros]

How is this a good thing?

 

[Nuggler]

How is this a good thing?

I dunno, Petros, maybe it's not. If I was some unemployed Southern fella, and needed a job, and some Chinese owned factory said they'd hire me, I'd go work for them.

In a perfect world wherein companies stayed in Canada and the U.S. and didn't offshore, this probably wouldn't happen. Not for any ideological reason; but, it probably wouldn't make economic sense.

Few people complain that Toyota has a plant in Ont. Yes, I know they're Japanese owned, not Chinese.

Did you watch the video??

 

[Bar Sinister]

This certainly should not be surprising. South Korea, Taiwan, and Japan all started out as manufacturers of cheap, easy-to-produce-goods before they became major investors worldwide. Expect more of it. China now has over 300,000 millionaires. Not all of that money is going to stay in China.

 

[JLM]

How is this a good thing?

Isn't foreign investment a good thing? I think the U.S. is pretty broke right now.

This certainly should not be surprising. South Korea, Taiwan, and Japan all started out as manufacturers of cheap, easy-to-produce-goods before they became major investors worldwide. Expect more of it. China now has over 300,000 millionaires. Not all of that money is going to stay in China.

Small potatoes - I'd bet 3 or 4% of Canadians are millionaires.

 

[Nuggler]

Isn't foreign investment a good thing? I think the U.S. is pretty broke right now.



Small potatoes - I'd bet 3 or 4% of Canadians are millionaires.

:glasses3:Yep, ablosuitly. I'm working on my second million right now.



First one caved.:3some:

 

[JLM]

:glasses3:Yep, ablosuitly. I'm working on my second million right now.



First one caved.:3some:

Same here, the first one was just too tough to obtain.

 

[taxslave]

Same here, the first one was just too tough to obtain.

I've made several million. Unfortunately non of it stuck.
BTW the second IS easier to make than the first. No easier to hang on to though.