China’s Firms Set Sights On World
Apparently, when it comes to American jobs and China, it’s no longer all take and no give. From AP via CNN.com:
Just as the earlier arrival of Japanese companies changed U.S. manufacturing, over time Chinese companies could affect how their Western rivals approach innovation, competition and business itself.
“We not only consider ourselves pioneers,” says Sean Chen, who at 26 is overseeing the construction of a $100 million electrical parts plant and industrial park in the American South. “We also consider ourselves explorers.”
Chen and his fiancee, Joy Chen — both took American first names — moved from Shanghai to Atlanta to set up shop for General Protecht Group Inc., a company controlled by his father. While the goal is profits, Sean Chen and his father view the venture almost as a social experiment — its aim, he said through an interpreter, is to marry the best Chinese and American work practices.
“I want to have the efficiency and execution normally shown by the American employees and the brotherhood that a Chinese company normally shows,” Sean Chen says. “There are capitalists and there are socialists and I want to see whether they can get along.”
According to the report, Chinese investment in the U.S. is somewhere between four and seven billion dollars.
Origin: , AP
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