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Chinese investment on the rise in Southeast US

01-29-2014 03:08 BJT Special Report: The China Factor |

By CCTV correspondent Ginger Vaughn

A special Spring Festival series called the China Factor will look at China's influence around the world.

One area that's rapidly growing in popularity is the South East United States, which is turning into a hotbed for foreign investment. Over 900 global firms are making the most of what cities in North and South Carolina have to offer and many of them are Chinese.

Chinese businesses that chose the Carolinas as the place to start up shop are seeing their bets pay off.

11 Chinese firms have opened offices in Charlotte in the last 2 years which are a part of the growing number of firms doing business with the regions mix of industries- from financial services to shipping to manufacturing.

Pactera Technology, China’s largest IT firm with 23,000 based in Beijing made its inroads in Charlotte in 2012 after acquiring a local IT firm.

Vice-President Doug Vinson says moving to the South Eastern US allows the firm to be close to many of it’s major clients in banking and energy-related business- both strong in Charlotte.

“What Pactera did was came in and gave us an opportunity to not only talk to our clients on a business level but then to execute those plans with technology. Pactera has 23,000 employees around the world, it really gave us access to every technical skill and capability needed to serve our clients.” Doug Vinson, VP of Pactera Technology Int’l, said.

The company serves over 70 fortune 500 clients around the world and expects significant growth.

Over 900 foreign owned businesses are located in the Carolinas with a growing population of 2.7 million. The region is attracting business with a lower cost of living and its laid back lifestyle.

“We’ve seen growth in the textile, IT, automotive related companies- as well as Chinese involved in the energy sector. Over 1000 jobs in this market from Chinese owned firms- as well as over 300 million in capital invested here.” David Swenson with Charlotte regional partnership said.

Firms like Pactera along with dozens of other Chinese firms are proving the Carolinas have been a win-win for all.

Editor:James |Source: CCTV.com

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