China conquering beyond its shores

I just read an interesting New York Times article “Newcomers Redefine A Label” about how the Chinese immigrated to Prato, Italy and started producing low-end garments (clothes, shoes, accessories). They would import materials from China, hire Chinese workers illegally, and repatriate profits back to China.

Essentially, it is almost as if China rented a space in Italy and began to export from there. Economically, it is an export if you consider that materials are from China, the employees are Chinese, and profits go back to China.

Is this the same as a foreign investor setting up shop in a country? e.g. Toyota setting up factories in the U.S.?



No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Copyright © 2005 – 2018 All Rights Reserved.

Enter your email address to follow this blog and receive notifications of new posts by email.


Blog Stats

  • 560,076 hits
%d bloggers like this: