For Chinese Companies, US Is Prime Real Estate
'They don't want to miss this opportunity to bottom-fish in the US,' official says
By Kevin Spak,  Newser Staff
Posted May 5, 2008 1:14 PM CDT
Chinese companies have found it surprisingly inexpensive to buy into the US market.   (Shutterstock)
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(Newser) – For years, American investors have hungrily flocked to China’s massive market, but now the money’s flowing the other way, too, the Los Angeles Times reports. China invested $9.8 billion in the US in 2007, and not all in big government buys either. With real-estate and other costs fairly low and many states keen to create new jobs, small businesses are finding a good fit.

One Chinese businessman was shocked to find that building a factory in South Carolina wasn’t much more expensive than building one in Dongguan. While Americans require higher wages, land and electricity are far cheaper. “The gap’s not as large as I thought,” said the entrepreneur. "They don't want to miss this opportunity to bottom-fish in the US," adds a Chinese economist.