New Business Partners.docVIP

New Business Partners 　　For all the fear-mongering that comes along with discussions over China’s rise in economic and geopolitical power， there has been one topic overlooked： the creation of American jobs. Even the harshest China critic could be stumped when con- sidering the latest data release on Chinese direct investment into the United States―Chinese manufacturers are in the United States， hiring local workers， paying competitive salaries and reinvigorating small-town America. 　　Since 2000， Chinese firms have spent$46 billion on outbound direct investment（ODI） into the United States， 90 percent of which was made in the past five years. These investments， totaling 1，583 establishments， are distributed in some of the poorest areas of America. More than 80，000 Americans now work for Chineseaffiliated companies， according to a newly released report entitled New Neighbors： Chinese Investment in the United States by Congressional District―commissioned by the National Committee on United StatesChina Relations （NCUSCR）. 　　“Ten years ago， investment flows became two-way. Chinese companies began to invest here，” said NCUSCR President Stephen Orlins at the committee’s annual meeting in New York on May 20. “What was a trickle has become a stream and it’s probably going to become a river. Chinese capital is providing 80，000 jobs today and will likely provide between 200，000 and 400，000 jobs at the end of this decade. It will change the way many Chinese and Americans think about each other.” 　　For example， Chinese firm Golden Dragon Precise Copper Tube Group， based in central China’s Henan Province， built a $100-million manufacturing facility employing 300 workers in one of the poorest counties in the United States in Thomasville， Alabama， in May 2014. 　　Wilcox County has not had a major industrial announcement in nearly four decades， and the new factory serves as a vehicle to lift families out of government assistance and to provide young people with an incentive t