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Who says American companies aren't investing? They are. Billions, in fact. Only, they are just not investing here in the U.S.
Atlanta based Coca-Cola (KO) plans to invest $4 billion in China, the company's CEO Muhtar Kent told reporters in Shanghai this week. It's the company's biggest planned investment in China since the 2009 investment of $2 billion. The investments will start next year and is part of the company's China capex until 2014.
"U.S. corporations are actually in good shape and a lot of that is due to emerging markets, particularly the BRIC countries," fund manager Paul Dietrich of Foxhall Capital Management in Orange, Conn told Forbes on Friday. The BRIC countries are Brazil, Russia, India and China.
Low growth in the U.S. and Europe have essentially forced the hands of the big multinationals to look for growth elsewhere. "In this low growth environment, we will continue to see European and American multinational companies spending in countries far from home," says Martin Schulz, managing director of international equities at PNC Capital Advisors in Columbus, Ohio.
Originally posted by summer5
Looks like Americans better start moving to other countries to get employment.
If only we could all relocate out of the country, leaving the US with no one to screw over, collect taxes on, etc...We could show THEM! If only.....
Originally posted by kro32
Lol I posted this exact same thread yesterday or the day before.
Can't use the search key?
www.abovetopsecret.com...edit on 21-8-2011 by kro32 because: (no reason given)