http://edition.cnn.com/2010/WORLD/asiapcf/02/04/china.milwaukee.mall/index.htmlBeijing, China (CNN) -- A Beijing-based company will soon open a Chinese-style mega shopping mall in the most unlikely of places: Milwaukee, Wisconsin.
"The cost of doing business there is very low," said Wu Li, president of Toward Group. "The people are friendly, the environment is peaceful and the pace of living is slow. It is a good place for Chinese enterprises to go abroad."
Loaded with cash, credit and encouraged by the government to expand overseas, Chinese companies have been investing in property abroad at an increasingly rapid clip. While most are purchasing properties in traditional commercials centers like New York, few have ventured into the Rust Belt -- until now.
"Americans should be prepared that more Chinese investors will buy up commercial real estate in the United States in 2010 to take advantage of low valuations in an improving economy," said Shaun Rein, managing director of China Market Research Group, a Shanghai-based market intelligence firm.
"It could be a huge trend."The first thing that flashes in my mind are the scenes from the movie Bladerunner where it seems the Chinese own the world. It never ceases to amaze me how very prescient sci fi really is. Or if you believe the YCYOR did creating that book or movie make this become a reality. A little of both I think.
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