What may be even more surprising is the amount of "American" companies that are no longer American. Much has been written about companies outsourcing manufacturing to other countries like Mexico and China, but what is discussed less often is how many household names, created in America, are now...
For example, China Oceanwide is allegedly a “family-owned” firm. Others, like Anbang Insurance, which now owns New York City’s Waldorf Astoria Hotel, are holding companies with “empty offices andobscure names”in Beijing, according to The New York Times. The Times has reported numerous con...
“New York has always been a leader when it comes to thinking big about what tomorrow holds – and today in Rochester, we’re seeing an even brighter vision for what the future will be,” remarked Governor Cuomo. “This announcement is proof that the best is yet to come for New York’...
Philip Richardson to this date is the only American-born citizen that owns a speaker factory in China. In 2015 Philip hosted the 1st ever Loudspeaker Sourcing Show where AmCham attended the 1st launch and has grown to be a global industry show. Due to events beginning in 2019, the show ...
Wanda has sold the stake in Beijing Wanda Investment for US$315 million as part of fundraising efforts to repay debt of US$400 billion due this past weekend. Wanda Investment owns 20% stake in the group’s Shenzhen-listed entertainment division Wanda Film, which operates a cinema chain in C...
that can monitor traffic and pollution while serving as a hub for the internet of things. It is perfecting advanced balloon technologies that it hopes will bring tourists and cargo to near-space at a fraction of the cost of rockets within a few years, and owns a majority stake in Martin ...
(ESPN owns 5% of NBA China.) Like all foreign companies, the NBA operates in China at the whim of the Communist Party. "It's not like the U.S., where regulatory bodies issue a warning or sue you, you hire a bunch of lawyers and defend yourself," said Victor Shih, an exper...
Highlighting today’s summit between Chinese President Hu Jintao and President Obama is China’s agreement to buy $45 billion of American exports. The President says this will create more American jobs. That’s not exactly right. It will create more profits for American companies but relatively ...
he paid a special visit to the breakwater in Cojimar where Hemingway wrote "The Old Man and the Sea," and dropped by the bar Hemingway frequented to order a mojito. He said he wanted to feel for himself what was on the American writer's mind and what the place was like when he wrot...
So yes, America will get manufacturing of durable goods to return to this country. And perhapsthere are high-end, specialized products that can be made entirelyby American firms. But in the not-so-distant future, the workers producing them and bringing them to your front door won't need lu...