'White knight' Chinese firms turn vital cogs for US
China Daily | Updated: 2018-07-04 07:43
WASHINGTON - Lefby Poraiar was alarmed when she was told that Global Steering System (GSS), the auto parts maker in Connecticut she had been working with for 13 years, was on the verge of bankruptcy.
The 59-year-old grandmother had nightmares of being out of a job and no prospects of getting a new one due to her age, but then a miracle happened.
Wanxiang Group, a Chinese auto parts manufacturer, took over the ailing US plant and Poraiar kept her job.
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