The latest beneficiary of China's outward investment push is a small Missouri town called Moberly, with just 14,000 people. This Saturday, Mamtek International -- a Chinese mainland-invested company based in Hong Kong -- plans to break ground on a state-of-the-art factory making a no-calorie sugar substitute used in sodas and baked goods. The plant is expected to infuse $46 million into the local economy, create 312 jobs by the end of 2011 and double those employment figures over the longer term...
...Huh! A Chinese owned company has set up a factory in America? What is with this crazy role reversal? It has started to become cheaper for some Chinese companies to set up large plants in America than it is for them to set the same sized plant up in Shanghai.
