www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

 
Home> Latest News

Firms help create jobs in US

Updated: 2012-10-09 08:59
By Chen Weihua in New York ( China Daily)
Comments() Print Mail Large Medium  Small 分享按鈕 0

Direct investment deals add 27,000 to payrolls in the country since 2000

Although US politicians often raise fears about Chinese investment stealing US jobs and posing threats to national security, analysts paint a very different picture.

Firms help create jobs in US

People line up to meet the Los Angeles Lakers star Robery Horry (right) at the Haier stand at 2012 International CES, a consumer electronics trade show in Las Vegas, Nevada. The Chinese appliance maker has hired 350 people in its South Carolina plant. [Photo/China Daily] 

Firms help create jobs in US

The latest report released by New York-based Rhodium Group shows that the 600 Chinese direct investment transactions made between 2000 and 2012 support 27,000 jobs in the United States today, compared with 10,000 jobs five years ago.

The companies in the study are all US subsidiaries with Chinese majority ownership. They do not include those in which Chinese hold a minority interest - which account for $8 billion, or 40 percent of Chinese investment in the US during the 12 years - or indirect job creation related to the construction of factories or at suppliers. For example, Tianjin Pipe Corp's new steel plant in Texas is estimated to employ up to 2,000 construction workers.

The study on the employment impact of Chinese FDI in the US also finds that more than $3.5 billion worth of greenfield investment, or investment in new facilities, since 2000 has created 8,000 US jobs.

Major job creators include auto parts maker Wanxiang, which employs 6,000 Americans, mostly in Illinois; appliance maker Haier hiring 350 in South Carolina; telecom equipment firm Huawei with 1,500 in California, Texas and New Jersey; and Sany, which runs a facility in Georgia employing more than 130 people.

Admitting that the impact on US jobs of mergers and acquisitions is less clear, the study finds that the 170 transactions in which Chinese investors have majority control of US firms were "overwhelmingly positive".

"We see no evidence of asset-stripping behavior and find that most Chinese parent firms have maintained or added staff after acquiring companies in the US," wrote Thilo Hanemann, research director of Rhodium Group, and Adam Lysenko, research analyst at Rhodium.

Compared with previous owners, Chinese investors were able to inject capital to maintain expenditure in times of crisis, bring better access to the fast-growing Chinese market and create synergies with existing operations in China that increased the value of US assets.

Even the few acquisitions that have resulted in job losses have not been subject to asset stripping by Chinese companies, but rather structural adjustment and reorganization of value chains to react to changes in costs or demand, according to the report.

Although the 27,000 jobs associated with Chinese investment now make up less than 1 percent of the 6 million jobs created by US-based foreign affiliates, the report emphasized that the potential is huge, given that Chinese FDI is expected to increase dramatically in the coming decade.

It projects that if the US can attract between $150 billion of Chinese global outbound investment by 2020, there will be 300,000 Americans on the payroll of Chinese US affiliates. Rhodium expects total Chinese outbound investment to hit $1 trillion by 2020.

The report, however, noted that such a result is not guaranteed. Chinese companies will only continue to invest in the US if the US manages to sustain its attractiveness to foreign investors by fixing its structural problems.

"If fear mongering and populism gain the upper hand, Chinese firms may choose more hospitable investment destinations in Europe or Asia to expand their overseas business and generate jobs there," the report said.

The report also called for improved corporate governance and transparency on the part of Chinese investors and less Chinese government involvement in overseas investment decisions.

Both Hanemann and Dan Rosen, a partner at Rhodium Group, do not believe that US President Barack Obama's recent executive order requiring Ralls Corp, owned by executives of China's Sany Group, to abandon a wind farm project near a military base in Oregon and divest all related assets is politically motivated or signals a more restrictive US policy toward Chinese investment.

But Edward Alden, a senior fellow at the Council on Foreign Relations, described Obama's decision as sending the wrong message.

Saying Obama was the first president in 22 years to issue a formal order blocking foreign investment into the US on national security grounds, Alden said the decision will unfortunately be seen as yet another signal - this time from the highest possible level - that the US does not really want Chinese investment.

"And for an economy still struggling to create jobs, that's the wrong signal to send," Alden said.

He said the Obama administration had handled the case "abysmally".

"If the location of the wind farm did indeed pose real security concerns, the US government should have worked quietly with the company to help it find a reasonable way to divest," he said. "By forcing a presidential action, it becomes a big, public slapdown to another Chinese company. That is not in the economic interest of the US that needs all the foreign investment it can get."

Joel Backaler, director of the Frontier Strategy Group in Washington, said that Obama's motivation may have been to help his presidential campaign. "Cracking down on China" is a spotlight issue for both Democratic and Republican parties.

"If future investment decisions by Chinese companies meet similar resistance, though, the end result of such decisions will hinder, not help the US economic recovery," Backaler wrote in the Bloomberg Businessweek magazine.

chenweihua@chinadaily.com.cn

Survey & Comments

| About us | Contact |

Constructed by Chinadaily.com.cn

Copyright @ 2012 Ministry of Culture, P.R.China. All rights reserved

主站蜘蛛池模板: 在线观看免费av网站 | 欧美精品国产制服第一页 | 久久亚洲国产精品五月天 | 欧美顶级毛片在线播放 | 3d动漫精品成人一区二区三 | 香港三级网站 | 美女黄影院 | 成在线人永久免费播放视频 | 久久久久免费视频 | 免费一级特黄3大片视频 | 中文字幕在线看 | 午夜影院黄色片 | 成人欧美日韩视频一区 | 91亚洲精品一区二区在线观看 | 日韩亚洲欧美一区二区三区 | 欧美一区二区三区精品 | 全部免费的毛片在线看美国 | 国产午夜精品久久理论片小说 | a毛片免费全部播放完整成 a毛片免费全部在线播放毛 | 国产成人精品永久免费视频 | 在线欧美日韩精品一区二区 | 欧美日韩一区二区不卡三区 | 精品国产香蕉伊思人在线 | 狼人总合狼人综合 | 欧美一级成人一区二区三区 | 国产日韩精品一区在线不卡 | 韩国精品一区视频在线播放 | 美女张腿男人桶免费视频 | 久久国产精品夜色 | 黄色成人在线网站 | 亚洲成a v人片在线观看 | 亚洲精品国产一区二区图片欧美 | 免费看的一级片 | 日产一区二区三区四区 | 亚洲欧美另类自拍第一页 | 久久亚洲国产视频 | 香蕉依依精品视频在线播放 | 亚洲成在人线久久综合 | 国产精品视_精品国产免费 国产精品视频久 | 中文字幕高清在线天堂网 | 亚洲韩国欧美一区二区三区 |