China’s second-tier cities a prime target for U.S. businesses
U.S. manufacturers may find better incentive packages for building plants in second-tier cities because Beijing and Shanghai have become much more selective in the industries they’re trying to attract, says Dick Goetz, who chairs the international practice at Dykema Gossett PLLC, a law firm based in Detroit.
Trade tensions risingU.S. exports to China jumped 32 percent last year to $55.2 billion, but that number was dwarfed by the $287.8 billion in Chinese imports to the United States.
This huge trade deficit is increasing trade tensions between the two countries. Many U.S. manufacturers complain their markets are being eroded by unfair Chinese trade practices, including government subsidies for Chinese exporters and an undervalued Chinese currency.
I don’t have much to add. I just thought I would document this story as it moves along.
