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.