A hefty US import tax on goods produced in China could accelerate a trend already well under way: Chinese companies setting up factories and expanding in the US.
Manufacturers in China face a host of pressures. Wages have risen substantially, while land and electricity prices are up. This challenges China’s decade-long orthodoxy of producing mass-market goods at extremely low cost.
At the same time, Chinese companies that have saturated their home market are looking elsewhere for growth.
“Many Chinese firms have become so dominant in their domestic market that they are now forced to look beyond the Chinese borders,” said John Ling, Georgia’s managing
