Chinese Firms Outsourcing to U.S.... yep our energy is that good.
A growing wave of Chinese entrepreneurs are expanding into the U.S. to build factories, buy companies and invest in U.S. business and real estate.
The are stunned on how U.S. costs compare with those in China.
Liu Keli - "was surprised, the finical gap's not as large as I thought."
Land is less than one-fourth what it would cost to buy the same amount of land in China and U.S. electricity rates are about 75% lower, and Liu doesn't have to put up with frequent blackouts.
About the only major thing that's more expensive is labor. Liu is looking to offer $12 to $13 an hour there, versus about $2 an hour in China, not including room and board. But Liu expects to offset some of the higher labor costs with a payroll tax credit of $1,500 per employee from South Carolina.
Read full via: Los Angeles Times