Meet the Chinese billionaire who's moving manufacturing to the U.S. to cut costs

By Fortune

Dec 22, 2016

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While it has been said for a long time that the U.S. is bleeding manufacturing jobs overseas, particularly to China, some businesses have been moving operations the other way round.

And now, the head of a leading Chinese glass maker making the same move has openly questioned if his country really is such a lucrative destination for offshore factories, reports Hong Kong newspaper the South China Morning Post.

"Overall speaking, the tax burden for manufacturers in China is 35% higher than in the U.S.," Cao Dewang told China Business Network.

Read the full story on fortune.com.

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