Should Chinese companies opening factories in the heartland be allowed to be better at manufacturing than US ones?
US glass manufacturer Vitro claims Chinese firm Fuyao's US factory uses unfair labor practices and subsidies to out-compete them.
Despite claims of malfeasance it seems that that Fuyao invested more in a more modern factory and is better able to leverage technology and is less tied to legacy costs from older factories with more expensive Union agreements.
Posted by Jademboss
2 Comments
It seems to me these kinds of Chinese investments in US based manufacturing are clearly good for the US and our industrial base. IF these companies are actually violating labor laws then they should be fined as such but angry incumbents is not a valid excuse to freeze out this kind of investment. I think this quote sums it up:
>Chris Kershner, president and CEO of the Dayton Area Chamber of Commerce, is among those who support more foreign investment from qualified nations. He is dismissive of Vitro’s complaints about Fuyao.
“It sounds like a competitor’s just peeved that they’re losing market share,” Kershner said, “and maybe they’re grasping at straws.”
Why do Western companies simply not invest in more modern manufacturing tools and methods? Are the execs too stupid tho understand they can make more money this way. And don’t blame the left or unions as if China doesn’t have regarded labour laws itself