Saturday, February 26, 2011

A plan for new U.S. jobs, from China

A plan for new U.S. jobs, from China: "If the United States and China are going to begin to rebalance their economies, China needs to bring more jobs to the United States.
For years, there wasn't much progress. As of 2008, Chinese companies had invested less than a total of $5 billion in the United States, even as U.S. firms had made $50 billion in capital investments in China and employed tens of thousands of Chinese workers.
But since 2009, Chinese investment in the United States has exploded - jumping about 150 percent to almost $12 billion in total, according to new figures from Rhodium Group, a New York-based consultancy. Today, Chinese firms employ at least 10,000 Americans."

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