{"id":7822,"date":"2011-03-01T02:03:37","date_gmt":"2011-03-01T02:03:37","guid":{"rendered":""},"modified":"2011-03-01T02:03:23","modified_gmt":"2011-03-01T02:03:23","slug":"Small-Firms-Find-Cash-Lifeline-in-China-","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=7822","title":{"rendered":"Small Firms Find Cash Lifeline in China"},"content":{"rendered":"

Two years ago, Brad Williams halted production at his 250-employee recreation-vehicle company and eventually laid off more than 200 workers, unable to find cash to keep his factory humming when sales slowed. “During the downturn, we went on the hunt for capital, but after 44 presentations we came up short,” says Mr. Williams, 56 years old.<\/strong> <\/p>\n

Today MVP RV Inc. is on the verge of hiring 1,200 workers and boosting production by some 30,000 motor homes to 40,000 this year. The difference is a $310 million investment from a Chinese entrepreneur who sees Asia as an untapped market for American-made RVs. “It’s almost something out of a fairy tale,” Mr. Williams says. His Riverside, Calif., company is one of a growing number of small U.S. companies benefiting from a surge in foreign direct investment from China.<\/strong><\/p>\n

Once dominated by purchases of U.S. Treasury bonds, Chinese foreign investment is shifting to mergers and acquisitions, joint ventures and taking stakes in new businesses. Private-sector Chinese businesses and investors put nearly $5 billion into U.S. firms of all sizes last year, more than double the amount in 2009, according to the Rhodium Group, a New York research firm. That’s a small fraction of the more than $55 billion that has flowed from the U.S. to China, according to the U.S. Commerce Department. But the flow of private-sector investment toward the U.S. from China is expected to grow substantially, says Rhodium research director Thilo Hanemann.<\/strong><\/p>\n

SOURCE<\/a>
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