CULTURAL DIFFERENCES: Cao Dewang, a Chinese investor, has encountered some tension in establishing a plant for his auto glass manufacturing company in Ohio, the New York Times reports.
The New York Times today writes
of a clash of cultures where Chinese investors have taken over U.S. manufacturing facilities.
From 2000 to the first quarter of this year, the Chinese have invested almost $120 billion in the United States, according to the Rhodium Group, which tracks these flows. Nearly half of that amount has come since early 2016, making China one of this country’s largest sources of foreign direct investment during that time.
But with the explosion of investment has come unexpected trouble. At Fuyao, a major culture clash is playing out on the factory floor, with some workers questioning the company’s commitment to operating under American supervision and American norms.
The article details at this plant and other places union tension, questions over federal safety regulations and pay issues.
(Sounds to me just like your average Little Rock chamber of commerce executive, hoping to beat down workers and evade government regulation.)
Joking aside, the rising Chinese investments and how they work out is of high interest in Arkansas.
We've opened the state treasury for enormous handouts to a Chinese business hoping to take advantage of our abundant, cheap pulpwood for a pulp mill near Arkadelphia.
A Chinese textile maker is remaking a former Sanyo plant in Forrest City.
A Chinese garment company is putting a plant in Little Rock
. The state operates an office in China to spur such investments.
Experiences elsewhere as detailed in the article are, if nothing else, interesting.