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Does corporate America kowtow to China?

Does corporate America kowtow to China?

I recently went to Sheboygan, Wisconsin to generate a photo package on the Wigwam socks factory.

By Nick Carey and James B. Kelleher

(Reuters) – China’s rise as a manufacturing power has benefited American factory owners in at least one way.

The Middle Kingdom’s insatiable appetite for second-hand machinery means that small U.S. businesses can make a quick buck by selling old equipment there.

For some American manufacturers, however, the idea of shipping even used stuff with no book value to their chief overseas rival is anathema…. Read More

 

John Gress

Denise Grunewald places socks on forms for pressing at the Wigwam factory in Sheboygan, Wisconsin. REUTERS/John Gress (UNITED STATES)

John Gress

The Wigwam factory floor is seen in Sheboygan, Wisconsin.

John Gress

Knitter Emma Prahl works on the floor of the Wigwam factory in Sheboygan, Wisconsin.

John Gress

Finished socks are seen at the Wigwam factory in Sheboygan, Wisconsin.

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This article was written by John Gress

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