In a stunning bit of irony, China, the nation that has for so long housed the factories that produce the bulk of our electronic products, is planning on throwing some business our way. The popular tech firm Lenovo has announced their intentions to open up a few factories in the United States, and we will of course be producing them here and shipping them to stores. Quite a nice surprise given our economic state, and who knows? Maybe others will be able to follow suit and help stimulate more job growth.
"China's largest PC maker, Lenovo, made a stunning announcement this week when it said it will make laptops, tablets, and desktops in the U.S.
So, why in the world would China's largest PC maker decide to manufacture devices here when America's two premier digital gadget suppliers, Apple and Hewlett-Packard, make virtually nothing in the U.S. and almost everything in China and/or Asia?
Needless to say, the answer is more complicated than "growth opportunities" in the U.S. -- as Yuanqing Yang, CEO of Lenovo, said in a statement.
And the move comes as the Obama administration ratchets up rhetoric on Chinese investment in the U.S."