China Brings Jobs to the U.S.?

Suntech Power Holdings factory in Phoenix, Arizona

Suntech Power Holdings factory in Phoenix, Arizona

Suntech Power Holdings factory in Phoenix, Arizona

Suntech Power Holdings factory in Phoenix, Arizona

 

Americans (myself included) can’t remember a time when we weren’t the most powerful nation in the world. Being the most powerful nation in the world is a title that comes with special responsibilities. One of those responsibilities is job creation. The U.S. has long been known for its ability to keep unemployment rates down and its salaries reasonable. However, over the past decade, the U.S. has been slipping on its job creation responsibilities. Unemployment has been on the rise, the middle class has been all but wiped out and the gap between the rich and the poor is at its greatest. In the most unlikely of twists, the country that’s now creating jobs in the U.S. is none other than China.

Last year an estimated 14 billion dollars were invested in the U.S. by Chinese companies, employing over 70,000 U.S. citizens. Who would have thought that China, of all countries, would be investing in the U.S. and creating jobs? After decades of U.S. companies moving their operations to China, Chinese investors are now looking to do the same here in the U.S. by promoting more Chinese American business investment. From the Southern states of Alabama and Mississippi to the Western state of Arizona, these states are offering cheap real-estate and a strong workforce. Suntech Power Holdings, a Chinese solar panel firm, is a prime example of Chinese investment in the U.S. as the factory is located in Phoenix, Arizona.

Chinese investors are purchasing struggling U.S. companies and also purchasing abandoned factories and converting them into profitable modern factories. With competitive wages and the necessary infrastructure to move large sums of products already in place, it’s likely that the U.S. will only see an increase in Chinese investment. While I’m not entirely comfortable with the thought of Chinese companies employing our citizens, I was less comfortable with the idea of sending U.S. jobs overseas to China. Hopefully this new era of Chinese investment in the U.S. will remind our own companies of how valuable U.S. employment can be.

I would love to hear from you guys about this new era of U.S. investment. Do you think that China’s investments in the U.S. is a good thing or a bad thing? Let me know what you think and thanks for stopping by!

China and its Neighbors

China and its Neighbors

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