| Companies have been moving overseas for | | | | Writing in Fortune, Sheridan Prasso explains that |
| decades, looking to reduce costs and increase | | | | the gap between manufacturing costs in the |
| revenue by outsourcing production. And as China | | | | United States and China is shrinking. âThe |
| and India continue their rise to become global | | | | land Yuncheng [a Chinese manufacturing company] |
| economic powers, the trend continues. But rather | | | | purchased in Spartanburg, at US$350,000 for 6.5 |
| than American companies moving to India and | | | | acres, cost one-fourth the price of land back in |
| China to save money, now Chinese corporations | | | | Shanghai or Dongguan, a gritty city near Hong |
| are looking at the United States as a land of | | | | Kong where the company already runs three |
| opportunity and cost savings. | | | | plants. Electricity is cheaper too: Yungcheng pays |
| Yes, not Africa or Southeast Asia, though there | | | | up to 14¢ per kilowatt-hour in China at peak |
| are plenty of Chinese companies in those locations | | | | usage, and just 4¢ in South Carolina. And no |
| already, but America. And by Chinese standards, | | | | brownouts either, a sporadic problem in China. |
| the Land of Lincoln is cheap. | | | | |