China exporting its factories across world and spooking competition

Wall Street Journal: More Chinese companies could be coming to the U.S., after President Trump and Chinese leader Xi Jinping reached a deal in Beijing this month to establish a new bilateral “board of investment.”

Yet many leaders, especially in the U.S. and Europe, worry the Chinese businesses are bringing China’s brutal rat-race competition with them, potentially crushing local incumbents and curbing salaries…

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