Hey there need some help please read article on China investment into the U.S. "Chinese Owned, American Made", and then in the text box provided acknowledge that you have viewed it. more or less half of page i did not understand the article American made .
.. Chinese owned: Full
version
By Sheridan Prasso, contributing editor May 7, 2010: 9:35 AM ET
(Fortune) -- About a mile past the Bountiful Blessings Church on the outskirts of Spartanburg,
S.C., make a right turn. There, tucked into an industrial court behind a row of sapling cherry
trees not much taller than I am, past a company that makes rubber stamps and another that
stitches logos onto caps and bags, is a brand-new factory: the state-of-the-art American
Yuncheng Gravure Cylinder plant. Due to open any day now, it will make cylinders used to print
labels like the ones around plastic soda bottles. But unlike its neighbors in Spartanburg,
Yuncheng is a Chinese company. It has come to South Carolina because by Chinese standards,
America is darn cheap.
Yes, you read that right. The land Yuncheng purchased in Spartanburg, at $350,000 for 6.5 acres,
cost one-fourth the price of land back in Shanghai or Dongguan, a gritty city near Hong Kong
where the company already runs three plants. Electricity is cheaper too: Yungcheng pays up to
14¢ per kilowatt-hour in China at peak usage, and just 4¢ in South Carolina. And no brownouts
either, a sporadic problem in China. It's true that American workers are much more expensive, of
course, and the overall cost of making a widget in China remains lower, and perhaps always will.
But for hundreds of Chinese companies like Yuncheng, the U.S. has become a better, less
expensive place to set up shop. It could be the biggest role reversal since, well .
.. when Nixon
went to China. "The gap between manufacturing costs in the U.S. and China is shrinking,"
explains John Ling, a naturalized American from China who runs the South Carolina Department
of Commerce's business recruitment office in Shanghai. Ling recruited Yuncheng to
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