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US citizens thrive in Chinese-owned firms

By Paul Welitzkin in New York | China Daily | Updated: 2017-11-07 08:13

In the last couple of years, more US citizens have found themselves employed at Chinese-owned companies.

According to Rhodium Group, which tracks Chinese investment in the United States, in 2016 Chinese investors spent $46 billion on foreign direct investment (FDI) in the US, a threefold increase from the $15 billion in 2015. Chinese-owned firms now support more than 140,000 jobs across the United States, nine times as many as in 2009.

A good example of the rising Chinese investment in the US can be found in Springfield, Massachusetts, where China Railway Rolling Stock Corp (CRRC) is building a $95 million manufacturing facility to make subway cars for the Massachusetts Bay Transportation Authority (MBTA) and to support future North American operations.

US citizens thrive in Chinese-owned firms

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