Cultures clash as Chinese money pours into U.S. | Arkansas Blog

Sunday, June 11, 2017

Cultures clash as Chinese money pours into U.S.

Posted By on Sun, Jun 11, 2017 at 7:45 AM

click to enlarge 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. - FORBES
  • Forbes
  • 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.

Tags: , ,

From the ArkTimes store


Comments (6)

Showing 1-6 of 6

Add a comment

Subscribe to this thread:
Showing 1-6 of 6

Add a comment

More by Max Brantley

  • Potlatch acquires Deltic Timber

    Two major woodlands companies, Potlatch and Deltic Timber, are combining in a stock deal that will leave Potlatch shareholders with 65 percent control of the new company, which will be organized as a real estate investment trust. Potlatch is acquiring Deltic by giving its shareholders 1.8 shares of Potlatch for each Deltic share, making the deal worth about $1.18 billion.
    • Oct 23, 2017
  • The Monday Democrat-Gazette was slimmer this morning

    Did your Monday morning Arkansas Democrat-Gazette include a business section?
    • Oct 23, 2017
  • Might the Weinstein case lead to a safer world for women?

    The exposure of Harvey Weinstein's serial offenses against women is quickly progressing far beyond the story of one man. It has begun to raise the question of whether it might, in time, change the world in treatment of women.
    • Oct 23, 2017
  • More »

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • Policy group urges opposition to new charter seats in Little Rock

    The Arkansas Public Policy Panel is urging supporters of the Little Rock School District to tell state Board of Education members they oppose applications to be heard this week to dramatically expand the number of charter school seats in the Little Rock School District.
    • Mar 9, 2016
  • Judge Griffen: Why black lives matter

    Another few words from Judge Wendell Griffen growing from the controversy over the sale of Black Lives Matter T-shirts at the state black history museum — removed by the administration and restored after protests from Griffen and others stirred by a story in the Arkansas Times:
    • Mar 13, 2016

Most Shared

  • Discussion: State killing of the mentally ill

    The Arkansas Coalition to Abolish the Death Penalty and others will have a forum on mental illness and the death penalty at 6:30 p.m. Monday at the Bowen School of Law's Friday Courtroom.

Most Viewed

Most Recent Comments



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation