China now outsourcing manufacturing jobs to the US

Livewire News

Livewire

“In an increasingly common role reversal, companies such as the Chinese textile producer Keer Group are outsourcing production to places where the energy, raw materials, and labor are cheap and convenient -- places such as… South Carolina.” The Chairman of Keer Group says “We chose to locate our first US facility in South Carolina for a number of reasons, which include the state’s workforce, proximity to cotton producers and access to the port.” It’s worth noting that “Wages for workers in South Carolina are still higher than those in China, but are offset by subsidized cotton, tax breaks, and cheaper energy.” Manufacturing now accounts for one third of Chinese direct investment in the US, and the number of jobs from Chinese-controlled companies in the US is “rising fast.”


Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment