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December 3, 2008 2:38:01 AM CST

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For Chinese Companies, US Is Prime Real Estate

Posted May 5, 08 1:14 PM CDT in World,  Business 

(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.

Source Los Angeles Times

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Chinese companies have found it surprisingly inexpensive to buy into the US market.   (Shutterstock)
Beijing has been encouraging businessmen to expand out into the world.   (Shutterstock)
China invested 9.8 billion in the US in 2007.   (Shutterstock)
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