Beny Karachun
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The US should fully embrace Capitalism and stop all Socialist policies. It will have another economic boom.
Fortune: Is Trade with China Literally Killing Middle-Aged White American Men?
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TaiShang
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Alibaba confident to help create 1m US jobs: Jack Ma
Xinhua | Updated: 2017-06-21
DETROIT - Alibaba founder Jack Ma said Tuesday the Chinese e-commerce giant is confident that it will help support one million small US businesses to sell to China and the rest of Asia through its network in the next five years.
"If we can help one million small businesses online and each business can create one job, we can create one million jobs," said Ma, who added that "we are pretty knowledgeable on that."
Ma made the remarks at Gateway' 17, a conference held by Alibaba in Detroit. The conference, which is held on June 20-21, features presentations and breakout sessions aimed at educating attendees on what and how to sell to China, especially through e-commerce platforms, so that they can grow their businesses and go global.
Ma said Alibaba has been supporting small US businesses to sell and buy online in the past 18 years. In California alone, the company has already helped create more than 20,000 jobs, according to Ma.
"At the time we had little experience, now we have a lot of experience," he said.
The conference marks Alibaba's official first step to introduce opportunities in China to US small and medium-sized enterprises.
Ma said the company's business strategy in the United States differs from that of Amazon or eBay.
"Our model is to bring American small businesses and farmers to China, (and) to Asia. Because we have a lot of middle class Chinese who need high quality products," he said.
Asked about his opinion on globalisation, Ma said he is a firm believer of it as well as free trade.
"In the past 20 years, globalisation and free trade were designed for big companies and developed countries. In the next 30 years, we should make globalisation more inclusive to support small businesses, young people and farmers," said Ma.
***
I am not sure 1 million jobs will go to white man or the other part of the country, the minorities.
Xinhua | Updated: 2017-06-21
DETROIT - Alibaba founder Jack Ma said Tuesday the Chinese e-commerce giant is confident that it will help support one million small US businesses to sell to China and the rest of Asia through its network in the next five years.
"If we can help one million small businesses online and each business can create one job, we can create one million jobs," said Ma, who added that "we are pretty knowledgeable on that."
Ma made the remarks at Gateway' 17, a conference held by Alibaba in Detroit. The conference, which is held on June 20-21, features presentations and breakout sessions aimed at educating attendees on what and how to sell to China, especially through e-commerce platforms, so that they can grow their businesses and go global.
Ma said Alibaba has been supporting small US businesses to sell and buy online in the past 18 years. In California alone, the company has already helped create more than 20,000 jobs, according to Ma.
"At the time we had little experience, now we have a lot of experience," he said.
The conference marks Alibaba's official first step to introduce opportunities in China to US small and medium-sized enterprises.
Ma said the company's business strategy in the United States differs from that of Amazon or eBay.
"Our model is to bring American small businesses and farmers to China, (and) to Asia. Because we have a lot of middle class Chinese who need high quality products," he said.
Asked about his opinion on globalisation, Ma said he is a firm believer of it as well as free trade.
"In the past 20 years, globalisation and free trade were designed for big companies and developed countries. In the next 30 years, we should make globalisation more inclusive to support small businesses, young people and farmers," said Ma.
***
I am not sure 1 million jobs will go to white man or the other part of the country, the minorities.
TaiShang
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I guess China rail has also recently begun training US workers for its assembly plant in the US. Good assembly jobs are moving to the US. Trade with China may not be so bad, in fact. What they need to stop being paranoid each time a China company places the highest bid for a near-bankrupt US asset.
onebyone
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TaiShang
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Chinese tycoon rebuts biased NYT report about factory
Xinhua, June 21, 2017
Cao Dewang, founder and head of the world's top auto glass manufacturer Fuyao Glass, was perturbed in recent days by an untruthful New York Times report about his factory in Dayton, Ohio, which went viral on China's social media.
"(Dayton) local government claims the New York Times report is a 'false' one," Cao told Xinhua in a telephone interview. The Chinese tycoon added that the local government believes that Fuyao's investment in Dayton has brought tremendous positive changes to the local community.
The Dayton factory, which officially started operation in October 2016, currently employs some 2,000 U.S. workers. Fuyao has invested 600 million dollars in the Dayton plant and plans to further expand the investment in the United States in the next few years, creating 3,000 more jobs there.
Dubious claims & problematic choice of interviewees
In a recent report, the New York Times claimed that "at Fuyao, a major culture clash is playing out on the factory floor, with some workers questioning the company's commitment to operating under American supervision and American norms."
"New York Times didn't visit and interview any current employee at Fuyao's Dayton factory. Instead, it only talked with a few former workers and union activists, who are biased to a certain degree," said Cao.
The former employees interviewed by the New York Times had been fired by Fuyao due to excessive absence, late arrivals or early leaves, according to a communication officer from Fuyao.
Cao confirmed that some of Fuyao's employees attended a meeting held by a union organization, but he rejected the stories widely circulating on Chinese social media asserting that "Fuyao employees were demonstrating against the company."
"Among Fuyao's around 2,000 employees, only dozens attended a meeting held by a union organization outside Fuyao factory," Cao told Xinhua, adding that "Fuyao has no right to intervene employees' activities after work."
Cao also said that Fuyao's factory in Dayton has been strictly observing U.S. laws and regulations.
In response to safety issues pointed out by U.S. safety regulator, Fuyao paid 100,000 U.S. dollars in penalty to settle the charges from the Occupational Safety and Health Administration (OSHA).
According to a statement provided to Xinhua by Fuyao's communication officer, at the beginning of last year when the Dayton factory had been operating for a few months, OSHA found some safety concerns, such as insufficient access to locks that shut down machines, during its inspections. "Fuyao acknowledged parts of the issues OSHA pointed out, and has taken measures to improve workforce safety," said the statement.
Cao denied the claims that the factory lacked sufficient safety measures, saying that "the Dayton factory is equipped with the best automation processing lines."
"If there was any safety issue that threatened employees' life security, my billions of dollars of investment in Dayton would go bust," said Cao.
In response to claims of insufficient training, Cao said that new employees at the Dayton factory usually go through a three-month training which is funded by the local government, and that gives them enough time to know the production line and technologies since training of new workers in Fuyao's Chinese plants usually lasts a week.
He also dismissed allegations of increased proportion of Chinese supervisors. "Fuyao has been localizing its business in America since the beginning of its investment here. The administration and management staff are mainly American, while Chinese only work as technical advisors at the factory, and will not be appointed as top managers," said Cao.
Cao told Xinhua that he has been treating employees as family members and pay them 5 percent to 10 percent higher than local industrial average.
Fuyao also established a charity foundation with an annual budget of 1 million U.S. dollars in order to help financially-troubled employees, said Cao.
No need for alarm
Fuyao, a supplier for many leading auto companies, has a 22-percent market share in the United States. In 2014, the Chinese company bought a 450,000 square-meter facility in Dayton region which was left idled after General Motors shut down its truck assembly line there during the global financial crisis in 2008.
Fuyao turned the idled factory into the largest auto glass manufacturing facility in the world. Its investment in Dayton region is the largest Chinese investment in Ohio history and the eighth-largest direct foreign investment in the United States over the last decade.
Any company would sometimes find it a struggle to manage fast business expansion, said Kristi Tanner, senior managing director of JobsOhio, referring to Fuyao's fast growth of up to 2,000 employees within two years. JobsOhio helped the state win Fuyao's investment and Tanner was one of the persons in charge of the project.
"I think that Fuyao has done an excellent job of managing that growth thus far and they've been very successful with their business dealings," said Tanner. "They have ongoing dialogue with the employees that they have there, and I have every confidence that they are going to be able to work through some of the challenges," she added.
In response to union activities at the plant, Tanner said it is nothing abnormal since any fast-growing company in the United States is certainly going to have employees that may want a union representation.
"The best advice for companies that are looking to invest in the U.S. is just to make sure that they understand what a union representation means in the U.S. and what the rules and regulations are around that," Tanner said.
"At the end of the day, the most important thing is to make sure that you have a good relationship with your employees and that you treat them very well," said Tanner.
In regard to Fuyao's lawsuit with a former manager, Hong Shihong, partner at the law firm Dorsey, told Xinhua that the legal case appeared in the News York Times' report was not a special one in terms of claims and complexity.
According to the lawyer, it's not unusual for a company that has such a large scale of investment to have legal disputes. "These disputes are just 'common cold,' not big enough to be called 'crises,' said Hong.
http://www.china.org.cn/business/2017-06/21/content_41070073.htm
***
Indeed, US media is the enemy of the US people.
Xinhua, June 21, 2017
Cao Dewang, founder and head of the world's top auto glass manufacturer Fuyao Glass, was perturbed in recent days by an untruthful New York Times report about his factory in Dayton, Ohio, which went viral on China's social media.
"(Dayton) local government claims the New York Times report is a 'false' one," Cao told Xinhua in a telephone interview. The Chinese tycoon added that the local government believes that Fuyao's investment in Dayton has brought tremendous positive changes to the local community.
The Dayton factory, which officially started operation in October 2016, currently employs some 2,000 U.S. workers. Fuyao has invested 600 million dollars in the Dayton plant and plans to further expand the investment in the United States in the next few years, creating 3,000 more jobs there.
Dubious claims & problematic choice of interviewees
In a recent report, the New York Times claimed that "at Fuyao, a major culture clash is playing out on the factory floor, with some workers questioning the company's commitment to operating under American supervision and American norms."
"New York Times didn't visit and interview any current employee at Fuyao's Dayton factory. Instead, it only talked with a few former workers and union activists, who are biased to a certain degree," said Cao.
The former employees interviewed by the New York Times had been fired by Fuyao due to excessive absence, late arrivals or early leaves, according to a communication officer from Fuyao.
Cao confirmed that some of Fuyao's employees attended a meeting held by a union organization, but he rejected the stories widely circulating on Chinese social media asserting that "Fuyao employees were demonstrating against the company."
"Among Fuyao's around 2,000 employees, only dozens attended a meeting held by a union organization outside Fuyao factory," Cao told Xinhua, adding that "Fuyao has no right to intervene employees' activities after work."
Cao also said that Fuyao's factory in Dayton has been strictly observing U.S. laws and regulations.
In response to safety issues pointed out by U.S. safety regulator, Fuyao paid 100,000 U.S. dollars in penalty to settle the charges from the Occupational Safety and Health Administration (OSHA).
According to a statement provided to Xinhua by Fuyao's communication officer, at the beginning of last year when the Dayton factory had been operating for a few months, OSHA found some safety concerns, such as insufficient access to locks that shut down machines, during its inspections. "Fuyao acknowledged parts of the issues OSHA pointed out, and has taken measures to improve workforce safety," said the statement.
Cao denied the claims that the factory lacked sufficient safety measures, saying that "the Dayton factory is equipped with the best automation processing lines."
"If there was any safety issue that threatened employees' life security, my billions of dollars of investment in Dayton would go bust," said Cao.
In response to claims of insufficient training, Cao said that new employees at the Dayton factory usually go through a three-month training which is funded by the local government, and that gives them enough time to know the production line and technologies since training of new workers in Fuyao's Chinese plants usually lasts a week.
He also dismissed allegations of increased proportion of Chinese supervisors. "Fuyao has been localizing its business in America since the beginning of its investment here. The administration and management staff are mainly American, while Chinese only work as technical advisors at the factory, and will not be appointed as top managers," said Cao.
Cao told Xinhua that he has been treating employees as family members and pay them 5 percent to 10 percent higher than local industrial average.
Fuyao also established a charity foundation with an annual budget of 1 million U.S. dollars in order to help financially-troubled employees, said Cao.
No need for alarm
Fuyao, a supplier for many leading auto companies, has a 22-percent market share in the United States. In 2014, the Chinese company bought a 450,000 square-meter facility in Dayton region which was left idled after General Motors shut down its truck assembly line there during the global financial crisis in 2008.
Fuyao turned the idled factory into the largest auto glass manufacturing facility in the world. Its investment in Dayton region is the largest Chinese investment in Ohio history and the eighth-largest direct foreign investment in the United States over the last decade.
Any company would sometimes find it a struggle to manage fast business expansion, said Kristi Tanner, senior managing director of JobsOhio, referring to Fuyao's fast growth of up to 2,000 employees within two years. JobsOhio helped the state win Fuyao's investment and Tanner was one of the persons in charge of the project.
"I think that Fuyao has done an excellent job of managing that growth thus far and they've been very successful with their business dealings," said Tanner. "They have ongoing dialogue with the employees that they have there, and I have every confidence that they are going to be able to work through some of the challenges," she added.
In response to union activities at the plant, Tanner said it is nothing abnormal since any fast-growing company in the United States is certainly going to have employees that may want a union representation.
"The best advice for companies that are looking to invest in the U.S. is just to make sure that they understand what a union representation means in the U.S. and what the rules and regulations are around that," Tanner said.
"At the end of the day, the most important thing is to make sure that you have a good relationship with your employees and that you treat them very well," said Tanner.
In regard to Fuyao's lawsuit with a former manager, Hong Shihong, partner at the law firm Dorsey, told Xinhua that the legal case appeared in the News York Times' report was not a special one in terms of claims and complexity.
According to the lawyer, it's not unusual for a company that has such a large scale of investment to have legal disputes. "These disputes are just 'common cold,' not big enough to be called 'crises,' said Hong.
http://www.china.org.cn/business/2017-06/21/content_41070073.htm
***
Indeed, US media is the enemy of the US people.
onebyone
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How a Chinese factory could drive demand for Tesla vehicles far higher
Electric-car maker Tesla may be close to making the final arrangements with the city of Shanghai for a car factory in the Chinese market, Bloomberg reported on Tuesday.
An agreement with the city could be official as early as this week, Bloomberg said, citing "people familiar with the matter."
Making vehicles in China could help Tesla significantly. Here's why.
Eliminating tariffs
Tesla CEO Elon Musk has been vocal about the company's plans to eventually launch a factory in the important market for some time now. For instance, in an October 2015 tweet, Musk said a China factory could come as soon as 2018. He has emphasized on several occasions that the China-based factory would be built for local demand.
Building and delivering cars in China comes with a key advantage — one that Tesla will probably take full advantage of: By building vehicles locally, Tesla can forgo a 25% import tariff. However, investors shouldn't expect this benefit to flow directly to the electric-car maker's bottom line. Hungry for sales growth and market share, Tesla will instead probably reduce the price of its locally built vehicles in proportion to its tariff savings.
Tesla disclosed its pricing policy for global markets in a 2014 blog post called "A Fair Price." In the post, Tesla emphasized that it will never try to bank on higher profit margin in some markets just because it's possible. Instead, Tesla said for any given market outside the US, it will price its vehicles the same as they're priced in the US, "adding only unavoidable taxes, customs duties, and transportation costs."
Tesla's pricing strategy for the Chinese market is unconventional. Many automakers mark up their vehicles' prices beyond incremental fees for operating in China, raking in a higher profit per car.
A man takes a photo of the logo on a Tesla Model S sedan at an event in Beijing, China, Tuesday, April 22, 2014. Ng Han Guan/AP
Assuming Tesla maintains its existing pricing strategy, a factory in China would allow the company to price its vehicles aggressively in the world's largest auto market.
And considering a China-based factory will probably be focused primarily on building the company's upcoming lower-cost, higher-volume Model 3, aggressive pricing on the company's most affordable vehicle yet could generate surprising local demand.
Why China is key for Tesla
A look at Tesla's most recent annual 10-K reveals why China is such an important market for the electric-car company. Not only did Tesla's revenue in China skyrocket during 2016, but it now also represents a sizable portion of overall revenue.
After initial challenges in China, including an overhyped launch that didn't fully factor in demand from scalpers, and poor communication about Tesla's plans for a charging infrastructure in the market, Tesla sales in China more than tripled in 2016 as the company doubled down on the market and built out its Supercharger network in the country.
Tesla's revenue in China in 2014, 2015, and 2016 was $477 million, $319 million, and about $1.1 billion, respectively. Revenue from China in 2016 accounted for about 14% of Tesla's total revenue, up from about 8% of total revenue in 2015.
By building a local factory and reducing the price of its vehicles to reflect the elimination of import tariffs, Tesla's sales in China could eventually rival its sales in the United States.
If Tesla really is planning to launch a factory in China soon, it will need to do it through a joint venture to meet China's requirements for foreign investment to represent no more than 50% interest in any local venture.
Daniel Sparks owns shares of Tesla. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.
Get the latest Tesla stock price here.
http://www.businessinsider.com/tesla-china-factory-demand-up-2017-6
Electric-car maker Tesla may be close to making the final arrangements with the city of Shanghai for a car factory in the Chinese market, Bloomberg reported on Tuesday.
An agreement with the city could be official as early as this week, Bloomberg said, citing "people familiar with the matter."
Making vehicles in China could help Tesla significantly. Here's why.
Eliminating tariffs
Tesla CEO Elon Musk has been vocal about the company's plans to eventually launch a factory in the important market for some time now. For instance, in an October 2015 tweet, Musk said a China factory could come as soon as 2018. He has emphasized on several occasions that the China-based factory would be built for local demand.
Building and delivering cars in China comes with a key advantage — one that Tesla will probably take full advantage of: By building vehicles locally, Tesla can forgo a 25% import tariff. However, investors shouldn't expect this benefit to flow directly to the electric-car maker's bottom line. Hungry for sales growth and market share, Tesla will instead probably reduce the price of its locally built vehicles in proportion to its tariff savings.
Tesla disclosed its pricing policy for global markets in a 2014 blog post called "A Fair Price." In the post, Tesla emphasized that it will never try to bank on higher profit margin in some markets just because it's possible. Instead, Tesla said for any given market outside the US, it will price its vehicles the same as they're priced in the US, "adding only unavoidable taxes, customs duties, and transportation costs."
Tesla's pricing strategy for the Chinese market is unconventional. Many automakers mark up their vehicles' prices beyond incremental fees for operating in China, raking in a higher profit per car.
Assuming Tesla maintains its existing pricing strategy, a factory in China would allow the company to price its vehicles aggressively in the world's largest auto market.
And considering a China-based factory will probably be focused primarily on building the company's upcoming lower-cost, higher-volume Model 3, aggressive pricing on the company's most affordable vehicle yet could generate surprising local demand.
Why China is key for Tesla
A look at Tesla's most recent annual 10-K reveals why China is such an important market for the electric-car company. Not only did Tesla's revenue in China skyrocket during 2016, but it now also represents a sizable portion of overall revenue.
After initial challenges in China, including an overhyped launch that didn't fully factor in demand from scalpers, and poor communication about Tesla's plans for a charging infrastructure in the market, Tesla sales in China more than tripled in 2016 as the company doubled down on the market and built out its Supercharger network in the country.
Tesla's revenue in China in 2014, 2015, and 2016 was $477 million, $319 million, and about $1.1 billion, respectively. Revenue from China in 2016 accounted for about 14% of Tesla's total revenue, up from about 8% of total revenue in 2015.
By building a local factory and reducing the price of its vehicles to reflect the elimination of import tariffs, Tesla's sales in China could eventually rival its sales in the United States.
If Tesla really is planning to launch a factory in China soon, it will need to do it through a joint venture to meet China's requirements for foreign investment to represent no more than 50% interest in any local venture.
Daniel Sparks owns shares of Tesla. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.
Get the latest Tesla stock price here.
http://www.businessinsider.com/tesla-china-factory-demand-up-2017-6
Michael Corleone
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although i like tesla! i am really not liking the future of autonomous batttery powered vehicles,..... i hope it's focused more on mainstream vehicles than luxury cars etc. my life long dream is to buy a porsche 911 turbo s and although i am not feeling threatened of 911s existence in the future, long term wise beyond my lifespan... i would like to see this legend continue.
TaiShang
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Chinese automaker brings 1,200 jobs to US
Xinhua, October 8, 2017
"I think the only problem we're going to have is that I don't know if we have enough people for all the jobs that are being created," U.S. House Majority Leader Kevin McCarthy said Friday in an event celebrating the opening of Chinese automaker BYD's expanded facility in the U.S. city of Lancaster in southern California.
The BYD -- the world's largest manufacturer of electric vehicles -- literally stands for Build Your Dreams. It unveils here on Friday its expanded battery-electric bus manufacturing facility, North America's largest of its kind.
The grand opening celebration drew nearly a dozen elected U.S. officials and government representatives, all extolling the significance of a Chinese investment that creates more and more jobs.
This expansion is an addition of a new wing to the current BYD Coach and Bus space, bringing the total manufacturing facility to nearly 42,000 square meters (450,000 square ft), quadrupling the size of its facility from its initial 2013 footprint, according to the company.
The growth of BYD Coach and Bus reflects a rapid transition toward electric transportation and will allow the BYD to build up to 1,500 battery-electric buses annually.
"The expanded BYD Coach and Bus manufacturing facility represents a fact I have stated for many years: that policies that address climate change and building a strong economy are not mutually exclusive," said California Senate President Pro Tempore Kevin de Leon.
Over the past several years, people in Southern California have seen a lot of manufacturing jobs go away, as American companies have moved their production lines to China and other developing countries.
However, since the BYD established its U.S. electric bus manufacturing capabilities in Los Angeles County, the company has already created nearly 800 full-time jobs throughout the state. And the manufacturing facility expansion will enable the BYD to hire up to 1,200 full-time workers at top production-line capacity.
"BYD is a company that has brought good paying manufacturing jobs back to California while other companies are choosing to export those jobs to other states and countries,"said U.S. Congressman Steve Knight.
"We need more companies like BYD in California that are training and building up a workforce of skilled individuals that are prepared for the manufacturing jobs of the future. We are lucky to have them in our community!"
Lancaster, a community of more than 156,000 inhabitants since 2013, boasts more than 350 days of sunshine per year, making it an ideal place to pioneer new solar energy technologies.
The BYD's manufacturing facility is powered 100 percent by renewable energy, which is provided by the City of Lancaster's Energy Company, Lancaster Choice Energy.
"It's good for the economy and the environment. It is great to see Lancaster partner with sustainable energy industries in order to provide cleaner greener transportation that will benefit the quality of our air, while creating local jobs," said Congresswoman Nanette Diaz Barragan.
The BYD has delivered 137 electric buses in the U.S. and Canada, including more than 75 buses this year, and is currently producing an additional 300 buses based on current customer orders, with options for more than 300 additional electric bus purchases. By the end of 2017, it will have delivered 70 all-electric trucks to 15 customers in North America, with orders for more than 140 trucks to-date, according to the company.
Commenting on existing technologies coming to California and exporting products in the state, Kevin de Leon said, "We rather have no exportations. We rather have these jobs created in California. This is what BYD did."
"This is what it means to see the California dream and America's promise," said the California Senate leader.
The BYD's nearly 800 employees in California were also on hand to help commemorate the new expansion for the Coach and Bus factory on Friday.
"BYD has really saved my life... Now I have a roof for my family, I have food for my family. And future is definitely full of hope," Guillermo Garcia, who has been working for BYD's manufacturing facility in Lancaster since 2013, told Xinhua, "We started here with seven employees, and I was one of them. Compared to four years ago, it's a big change."
Chinese companies invested a record 46 billion U.S. dollars in the United States in 2016, triple the amount seen in 2015 and a tenfold increase compared to just five years ago, according to a report jointly issued by the Rhodium Group and the National Committee on U.S.-China Relations (NCUSCR).
"I think it's a great partnership making the investment in America. The stronger China and America can become, the stronger the world will be," McCarthy told Xinhua.
When talking about the BYD's global strategy, Wang Chuanfu, founder and Chairman of the BYD, told Xinhua in an exclusive interview that the company aims to tackle pollution and traffic congestion.
"I think electric vehicle is a good solution for curing urban pollution," he said, "This is just the beginning."
***
Xinhua, October 8, 2017
"I think the only problem we're going to have is that I don't know if we have enough people for all the jobs that are being created," U.S. House Majority Leader Kevin McCarthy said Friday in an event celebrating the opening of Chinese automaker BYD's expanded facility in the U.S. city of Lancaster in southern California.
The BYD -- the world's largest manufacturer of electric vehicles -- literally stands for Build Your Dreams. It unveils here on Friday its expanded battery-electric bus manufacturing facility, North America's largest of its kind.
The grand opening celebration drew nearly a dozen elected U.S. officials and government representatives, all extolling the significance of a Chinese investment that creates more and more jobs.
This expansion is an addition of a new wing to the current BYD Coach and Bus space, bringing the total manufacturing facility to nearly 42,000 square meters (450,000 square ft), quadrupling the size of its facility from its initial 2013 footprint, according to the company.
The growth of BYD Coach and Bus reflects a rapid transition toward electric transportation and will allow the BYD to build up to 1,500 battery-electric buses annually.
"The expanded BYD Coach and Bus manufacturing facility represents a fact I have stated for many years: that policies that address climate change and building a strong economy are not mutually exclusive," said California Senate President Pro Tempore Kevin de Leon.
Over the past several years, people in Southern California have seen a lot of manufacturing jobs go away, as American companies have moved their production lines to China and other developing countries.
However, since the BYD established its U.S. electric bus manufacturing capabilities in Los Angeles County, the company has already created nearly 800 full-time jobs throughout the state. And the manufacturing facility expansion will enable the BYD to hire up to 1,200 full-time workers at top production-line capacity.
"BYD is a company that has brought good paying manufacturing jobs back to California while other companies are choosing to export those jobs to other states and countries,"said U.S. Congressman Steve Knight.
"We need more companies like BYD in California that are training and building up a workforce of skilled individuals that are prepared for the manufacturing jobs of the future. We are lucky to have them in our community!"
Lancaster, a community of more than 156,000 inhabitants since 2013, boasts more than 350 days of sunshine per year, making it an ideal place to pioneer new solar energy technologies.
The BYD's manufacturing facility is powered 100 percent by renewable energy, which is provided by the City of Lancaster's Energy Company, Lancaster Choice Energy.
"It's good for the economy and the environment. It is great to see Lancaster partner with sustainable energy industries in order to provide cleaner greener transportation that will benefit the quality of our air, while creating local jobs," said Congresswoman Nanette Diaz Barragan.
The BYD has delivered 137 electric buses in the U.S. and Canada, including more than 75 buses this year, and is currently producing an additional 300 buses based on current customer orders, with options for more than 300 additional electric bus purchases. By the end of 2017, it will have delivered 70 all-electric trucks to 15 customers in North America, with orders for more than 140 trucks to-date, according to the company.
Commenting on existing technologies coming to California and exporting products in the state, Kevin de Leon said, "We rather have no exportations. We rather have these jobs created in California. This is what BYD did."
"This is what it means to see the California dream and America's promise," said the California Senate leader.
The BYD's nearly 800 employees in California were also on hand to help commemorate the new expansion for the Coach and Bus factory on Friday.
"BYD has really saved my life... Now I have a roof for my family, I have food for my family. And future is definitely full of hope," Guillermo Garcia, who has been working for BYD's manufacturing facility in Lancaster since 2013, told Xinhua, "We started here with seven employees, and I was one of them. Compared to four years ago, it's a big change."
Chinese companies invested a record 46 billion U.S. dollars in the United States in 2016, triple the amount seen in 2015 and a tenfold increase compared to just five years ago, according to a report jointly issued by the Rhodium Group and the National Committee on U.S.-China Relations (NCUSCR).
"I think it's a great partnership making the investment in America. The stronger China and America can become, the stronger the world will be," McCarthy told Xinhua.
When talking about the BYD's global strategy, Wang Chuanfu, founder and Chairman of the BYD, told Xinhua in an exclusive interview that the company aims to tackle pollution and traffic congestion.
"I think electric vehicle is a good solution for curing urban pollution," he said, "This is just the beginning."
***
AndrewJin
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Beny Karachun
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Chinese investment boosts jobs in US rust-belt states
Xinhua, November 8, 2017
As the United States is stepping up efforts to revive the country's old industrial states, the so-called Rust Belt, Chinese investment in the region has also entered a phase of rapid growth, creating thousands of manufacturing jobs.
Blue-collar workers
Fifty-eight-year-old James Wilkerson has been working in the semitrailer business in the Midwestern U.S. state of Indiana for 36 years. Not only has he experienced the ups and downs of the industry, he also witnessed how investment from China breathed life into the local community.
Monon, the town where Wilkerson lives, saw its heyday in 1980s and 1990s, when the local trailer company HPA Monon hired as many as 400 workers, roughly one third of the town's population.
The company, along with many others in the rust-belt states, trimmed its production and went bankrupt around 2001 due to the economic slowdown, putting hundreds of local residents out of work.
"There was a time of idleness. Nothing happened here until the CIMC acquired the assets," Wilkerson told Xinhua, referring to China International Marine Containers (CIMC), a Shenzhen-based transportation equipment company, which came to Monon in 2003 and built a wholly owned subsidiary called Vanguard National Trailer Corporation.
"We had 35 or 40 people at first. And then we slowly ramped up and now we have almost 500," said Wilkerson, who started as a superintendent of the factory's production line and is now the director of manufacturing.
In 10 years, Vanguard became Monon's largest employer, contributing some 80 percent of the local gross domestic product.
"Vanguard is so important to the health of the town," Randy Mitchell, president of White County Economic Development, said. "Probably every family has a member that has worked either at Vanguard now, or previously."
A similar story is unfolding in Moraine, Ohio. More than 2,000 people are working at a nearly 470,000-square-meter glass fabrication factory started by Fuyao Group, China's leading manufacturer of automotive glass.
The Fuyao facility, the largest Chinese investment project in Ohio's history, has been widely hailed as a silver lining for the local community, as the closure of General Motor's assembly plant in 2008 had wiped out thousands of jobs.
With Fuyao's further expansion in the United States, the company expects the employment number to grow to 2,300-2,500 by the end of 2017.
High-tech industry
While Chinese companies are rehiring blue-collar workers in rural towns like Monon, they also actively engage in rust-belt cities that are transforming themselves from old industrial heartlands into new technology hubs.
In 2009, when the brake and chassis business of Delphi Automotive came to a halt in Dayton, Ohio, BeijingWest Industries Co.(BWI Group), a Chinese supplier of chassis, suspension and brake components, appeared.
BWI Group purchased the business and turned it into the company's product design and innovation center, developing advanced suspension systems for mostly high-end vehicles.
"When we were part of Delphi, we were in the mode of being either sold or wound down," recalled Brent Dunlap, an engineering site manager of BWI Group.
Dunlap said the previous company was reluctant to invest more in "higher technology based products" due to the overall decline of the auto industry.
As Delphi was purchased by BWI, there was a surgent growth of investment. "We were starting to grow not only here locally but also worldwide," Dunlap told Xinhua.
Meanwhile, hundreds of high-tech jobs were created within the company, including technicians, engineers and designers who know how to fix and program machines.
The company is altogether hiring more than 400 people and is expected to create up to 441 new, high-wage jobs by 2021 as the business grows, according to Dunlap.
Moreover, the high-level product innovation has earned BWI Group a good reputation in the industry, attracting talents from all over the country.
"We get a good support of employment because the products we work on are very interesting...it's very impressive when you can talk to a person and say you'll be working on the next generation Corvette or the next generation Ferrari," said Dunlap.
"It has been a fairly easy sell of the company to get employees to come here," he added.
Localization efforts
Chinese companies invested over 20 billion dollars in the nine U.S. states of the Midwest region as of 2016, creating over 45,000 jobs, according to China General Chamber of Commerce-U.S.A.
American workers believe that the success of Chinese companies is well deserved given their continuous efforts in localization.
"Vanguard is a very good company to work for. We are a Chinese-owned company but we are American-run," said Wilkerson.
Dunlap also agreed that in terms of "day-to-day job description or job function," not much has changed after the acquisition.
"Yet on a global perspective or a vision perspective, I think they've brought a lot to us," he added.
According to Vanguard CEO Charlie Mudd, CIMC's philosophy of "Global Opportunity, Local Knowledge" is also the key to collaborative success.
"A Chinese company will not be successful trying to open a Chinese factory in the U.S., build Chinese equipment and run it in a Chinese way...The best success comes from the combination of Chinese knowledge and capabilities paired with American knowledge and capabilities," he said.
http://china.org.cn/business/2017-11/08/content_41863184.htm
Xinhua, November 8, 2017
As the United States is stepping up efforts to revive the country's old industrial states, the so-called Rust Belt, Chinese investment in the region has also entered a phase of rapid growth, creating thousands of manufacturing jobs.
Blue-collar workers
Fifty-eight-year-old James Wilkerson has been working in the semitrailer business in the Midwestern U.S. state of Indiana for 36 years. Not only has he experienced the ups and downs of the industry, he also witnessed how investment from China breathed life into the local community.
Monon, the town where Wilkerson lives, saw its heyday in 1980s and 1990s, when the local trailer company HPA Monon hired as many as 400 workers, roughly one third of the town's population.
The company, along with many others in the rust-belt states, trimmed its production and went bankrupt around 2001 due to the economic slowdown, putting hundreds of local residents out of work.
"There was a time of idleness. Nothing happened here until the CIMC acquired the assets," Wilkerson told Xinhua, referring to China International Marine Containers (CIMC), a Shenzhen-based transportation equipment company, which came to Monon in 2003 and built a wholly owned subsidiary called Vanguard National Trailer Corporation.
"We had 35 or 40 people at first. And then we slowly ramped up and now we have almost 500," said Wilkerson, who started as a superintendent of the factory's production line and is now the director of manufacturing.
In 10 years, Vanguard became Monon's largest employer, contributing some 80 percent of the local gross domestic product.
"Vanguard is so important to the health of the town," Randy Mitchell, president of White County Economic Development, said. "Probably every family has a member that has worked either at Vanguard now, or previously."
A similar story is unfolding in Moraine, Ohio. More than 2,000 people are working at a nearly 470,000-square-meter glass fabrication factory started by Fuyao Group, China's leading manufacturer of automotive glass.
The Fuyao facility, the largest Chinese investment project in Ohio's history, has been widely hailed as a silver lining for the local community, as the closure of General Motor's assembly plant in 2008 had wiped out thousands of jobs.
With Fuyao's further expansion in the United States, the company expects the employment number to grow to 2,300-2,500 by the end of 2017.
High-tech industry
While Chinese companies are rehiring blue-collar workers in rural towns like Monon, they also actively engage in rust-belt cities that are transforming themselves from old industrial heartlands into new technology hubs.
In 2009, when the brake and chassis business of Delphi Automotive came to a halt in Dayton, Ohio, BeijingWest Industries Co.(BWI Group), a Chinese supplier of chassis, suspension and brake components, appeared.
BWI Group purchased the business and turned it into the company's product design and innovation center, developing advanced suspension systems for mostly high-end vehicles.
"When we were part of Delphi, we were in the mode of being either sold or wound down," recalled Brent Dunlap, an engineering site manager of BWI Group.
Dunlap said the previous company was reluctant to invest more in "higher technology based products" due to the overall decline of the auto industry.
As Delphi was purchased by BWI, there was a surgent growth of investment. "We were starting to grow not only here locally but also worldwide," Dunlap told Xinhua.
Meanwhile, hundreds of high-tech jobs were created within the company, including technicians, engineers and designers who know how to fix and program machines.
The company is altogether hiring more than 400 people and is expected to create up to 441 new, high-wage jobs by 2021 as the business grows, according to Dunlap.
Moreover, the high-level product innovation has earned BWI Group a good reputation in the industry, attracting talents from all over the country.
"We get a good support of employment because the products we work on are very interesting...it's very impressive when you can talk to a person and say you'll be working on the next generation Corvette or the next generation Ferrari," said Dunlap.
"It has been a fairly easy sell of the company to get employees to come here," he added.
Localization efforts
Chinese companies invested over 20 billion dollars in the nine U.S. states of the Midwest region as of 2016, creating over 45,000 jobs, according to China General Chamber of Commerce-U.S.A.
American workers believe that the success of Chinese companies is well deserved given their continuous efforts in localization.
"Vanguard is a very good company to work for. We are a Chinese-owned company but we are American-run," said Wilkerson.
Dunlap also agreed that in terms of "day-to-day job description or job function," not much has changed after the acquisition.
"Yet on a global perspective or a vision perspective, I think they've brought a lot to us," he added.
According to Vanguard CEO Charlie Mudd, CIMC's philosophy of "Global Opportunity, Local Knowledge" is also the key to collaborative success.
"A Chinese company will not be successful trying to open a Chinese factory in the U.S., build Chinese equipment and run it in a Chinese way...The best success comes from the combination of Chinese knowledge and capabilities paired with American knowledge and capabilities," he said.
http://china.org.cn/business/2017-11/08/content_41863184.htm
Adam WANG SHANGHAI MEGA
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with globalization, Yankees lost 29 millions low-end employee positions to other countries,while gained 31 millions new employee positions,and wall street made billions and billions money from all.over the world....
so losing job opportunities is one of the biggest lie,USA welcomes every year 1 million immigrants while the unemployment rate still keeps in a quite low level for many years,how can you explain this paradox?!
company like APPLE,Amazon was and is hiring thousands of new employees every year.....
Hipocritical and shameless Yankees!
Accusing other countries stealing USA job opportunities is not only an insult to the hard work and efforts made by the people of countries like CHINA,india,BD,VIET.....but also an insult to globalization itself which is funny coz it is Yankees who asked other countries to accept globalization and now Yankee say it's bad!!!!
so losing job opportunities is one of the biggest lie,USA welcomes every year 1 million immigrants while the unemployment rate still keeps in a quite low level for many years,how can you explain this paradox?!
company like APPLE,Amazon was and is hiring thousands of new employees every year.....
Hipocritical and shameless Yankees!
Accusing other countries stealing USA job opportunities is not only an insult to the hard work and efforts made by the people of countries like CHINA,india,BD,VIET.....but also an insult to globalization itself which is funny coz it is Yankees who asked other countries to accept globalization and now Yankee say it's bad!!!!
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