Caixin
Mar 29, 2011 01:34 PM

Welcoming China's Bigger Stake in the States

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During his landmark visit to the United States in January, Chinese President Hu Jintao visited the headquarters of Wanxiang America Corp., near the geographic center of the country in the state of Illinois. As expected, the company's employees greeted the Chinese leader with open arms.

But this was far from the first time they had entertained Chinese visitors: Wanxiang America, founded in 1994 as a modest auto parts manufacturer, is now a diversified company with 4,500 U.S. employees, and one of many U.S. companies successfully riding a new wave of foreign investment from China.

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