Sunday, May 29, 2016

McClatchyDC: About 100,000 in U.S. now work for Chinese firms




forbes.com


In the tiny North Carolina town of Tar Heel, the Smithfield Foods Packing Co., the world’s biggest slaughterhouse that often smells of pig manure, belongs to a giant Chinese meat-processing company.
Hundreds of movie theaters across the country are owned by the Kansas City-based AMC Theatres chain, which reports to China’s richest man.
And in Miami, a luxury condo tower called One Thousand Museum is rising over Biscayne Bay. Its contractor is a Chinese firm, the largest builder in the world’s most populous country.
In a presidential campaign focused on the loss of American jobs, a recent study shows how U.S. jobs are created or preserved under China’s investment boom in the United States. ...
     Notice the spin here. Is this really such great economic news, besides the American jobs and companies being lost to China, that some are simply being snapped up and owned by the Chinese here in America?  

Read more here: http://www.mcclatchydc.com/news/politics-government/article80386057.html#storylink=cpy