Question: Is China’s plan to buy up the USA

Email | 9/13/2007 | Exton

[US at Risk]

The next President needs to balance the budget, not play to crowd with empty tax cuts.

And the only candidate who is addressing the rumbling volcano in any sane albeit idiosyncratic way is...reviled and mocked by the cognoscenti.

Pinged highlander_uw for having the tagline that says it all for this thread, IMO.

[L.N. Smithee]

Actually, that’s Taiwan’s plane...

My bad.

Do they make decent jet planes in China? I know for a certainty the boats made in China are junk. (Rimshot!)

[JACKRUSSELL]

http://www.forbes.com/feeds/ap/2007/09/12/ap4111306.html

Chinese Company to Locate in Georgia
By Shannon McCaffrey
Forbes.com / Associated Press
September 12, 2007

(ATLANTA) - Georgia continued to build ties with China on Wednesday, as a major Chinese manufacturing company announced plans to locate its North American headquarters in the Peach State.

Sany Heavy Industry Co. Ltd. will bring 200 jobs to metro Atlanta area as it announced plans to open a plant in Peachtree City in 2009. Company officials from China attended an elaborate ceremony outside the state Capitol on Wednesday attended by state economic development officials, Gov. Sonny Perdue and a Chinese-English translator. A bright red carpet covered the concrete for the event and hulking crane hoisted a Sany flag.

“We are excited about establishing our U.S. presence here,” Sany Chairman Liang Wengen said. “We believe our facility here will serve as the new symbol of business relations between the United States and China.”

Sany is merely Georgia’s most recent Chinese import.

In June 2006, Chinese soy sauce manufacturer Ningbo Lehui Food Machinery Imc. announced plans to open a plant in Newnan, Ga., creating 200 jobs. The China-based Protecht Group earlier this year said it has purchased 211 acres in Barnesville, Ga., to build an assembly and distribution facility for electrical products.

Additionally, Atlanta-based Delta Air Lines Inc. is pushing for a direct route to Shanghai from Hartsfield-Jackson Atlanta International Airport. And Georgia is set to open a trade office in Beijing later this year.

The latest announcement comes with China in the news because of concerns over the safety of its imports, including pet food, toothpaste and toys. In recent weeks, Mattel Inc. recalled almost 19 million Chinese-made toys around the world including dolls, cars and action figures. Some were contaminated with lead paint, while others had small magnets that children might swallow.

Perdue told reporters after the news conference on Wednesday that he expected China would recover from the problems and improve its standards.

Sany manufactures heavy construction equipment such as cranes and asphalt pavers. It employs 18,000 people, most of them in China, and has total company assets of $1.7 billion. Sany sells its equipment in more than 60 countries.

The only other country where Sany has a plant outside China is in India.

Company officials said the plant would begin with 200 employees but could grow to 500 as operations expand.

For Georgia, economic development has taken on a foreign flavor lately.
Perdue traveled earlier this year to Europe to promote the state’s economy. He is set to travel to Asia later this fall.

Soon after the Ford Motor Co. announced plans to shutter its Hapeville, Ga., plant the state announced that South Korea-based Kia Motors Corp. would open a plant along the Alabama border. That $1.2 billion factory is expected to employ 2,500 workers.