Friday May 22, 2015

// May 20th, 2015 // Daily News

The 5 states that draw the most Chinese investment
Michelle Caruso-Cabrera | @MCaruso_Cabrera
CNBC.com

Chinese companies now employ more than 80,000 people in the United States, up from less than 15,000 five years ago and virtually zero back in 2000.
Those numbers are according to a new report from the Rhodium Group, which keeps one of the most complete databases of Chinese foreign direct investment into the United States. The report was commissioned by the National Committee on U.S.-China Relations, a non-profit that promotes understanding between the U.S. and China.
The top states for Chinese investments are California, Texas and North Carolina, each of which has received more than $5 billion in Chinese investment since 2000. Illinois is fourth with $4 billion, and New York comes in at fifth with $3.8 billion.
When it comes to employment, North Carolina is No. 1, with 15,000 Americans being employed by Chinese companies.
A significant employer in North Carolina is Smithfield Foods, which was bought by a Chinese food company two years ago in a controversial acquisition. Smithfield is headquartered in Virginia, but has production facilities throughout the country.
Read MoreImpatience grows with the ‘Ronald Reagan’ of Asia
The second-largest employer in North Carolina is Lenovo. In 2005, Lenovo acquired IBM’s PC business including its operations in the Research Triangle. It took American investors by surprise at the time, as it was the first major acquisition of an American brand by a Chinese company. It awakened the U.S. investing community to the rise of China, not just as a manufacturing giant, but as a country that wanted to take on a greater global presence.
In California, the Chinese employ more than 8,300 people, mostly in the San Francisco and Los Angeles areas. The investments are in technology, manufacturing, business service operations and real estate.
Companies including Baidu, Huawei, Alibaba and Complete Genomics have their U.S. offices there, as does real estate company Shenzhen New World Group.
Though Chinese investment in the United States has grown in recent years, it’s still tiny compared with the United Kingdom, Japan, Germany, France and Canada.

Today’s Inspiration

Holding on to Hope

by Joyce Meyer – posted May 20, 2015

And now, Lord, what do I wait for and expect? My hope and expectation are in You. Psalm 39:7

God’s Word says that He wants us to be blessed (see Deuteronomy 29:9). It states we can and will be blessed in every way when we walk in God’s will. Satan wants to keep people fearful and hopeless. Hopelessness steals our God-given peace and joy.

The enemy tells people they will never have anything, their life will never change, and things will never get better. And when people believe his lies, they remain hopeless and discouraged. We receive what we believe, whether it is positive or negative, so it’s vitally important for us to have faith in God constantly, like Mark 11:22–24 tells us to do.

Refuse to be hopeless and put your trust in God’s Word. Be like Abraham, of whom it is said that although he had no reason to hope, he hoped in faith that God’s promises would come to pass in his life. As he waited, he gave praise and glory to God, and Satan was not able to defeat him with doubt and unbelief (see Romans 4:18–20).

Prayer of Thanks
Father, thank You for the power of hope. I am grateful that no matter what the circumstances around me look like, I can place my hope in You and in Your Word. I am at peace today because You are the source of my hope.

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