I think folks continue to underestimate the Chinese market for American products.
On the same day that GM reported that it sold more cars in China than they did in the US, there's another report that a Chinese businessman is going to build and export to China $5 billion (with a "b") worth of recreational vehicles. Winston Chung bought a Riverside, California, RV manufacturing company last week to build 10,000 tour-bus style and 20,000 smaller recreational vehicles.
The company currently has 500 employees, and now expects to add 1,200.
[That 1,200 figure is interesting. That's about the same number of workers being laid off in California by Boeing due to decreased orders for one of its military cargo planes. There's some irony here, but I won't ramble.]
This is not a fly-by-night entrepreneur. That same Chinese businessman just donated $10 million to the University of California - Riverside campus. That is the largest gift in the school's history.
