American made … Chinese owned

In a strange sort of role reversal, Chinese companies are looking at setting up factories in America. With rising land costs, unreliable electricity and a stronger currency, it has started becoming cheaper for some Chinese companies to set up plants in America instead of back home.

Chinese company Yuncheng’s American Yuncheng Gravure Cylinder plant in South Carolina is a case in point. The company bought land in Spartanburg for one fourth the cost of a similar sized property in Shanghai. Even with the more expensive American workers they have to hire, Chinese companies are finding US to be a better and less expensive place to set up shop, with several American states offering tax credits and other incentives to lure Chinese manufacturers.