“Detroit real estate agents have been swamped with requests for cheap properties by Chinese investors. One agency even sold 30 properties to a single buyer.  Why all the interest from Chinese investors? Back in May, The New York Times reported that dozens of companies from China were putting down roots in Detroit in order to push their way into the American auto industry. Chinese businesses have tried to keep the movement of Chinese auto suppliers into Detroit as quiet as possible to avoid the public backlash experienced by Japanese automakers moving manufacturing to the U.S. in the 1980s. The Chinese know an opportunity when they see one.”

http://dailyreckoning.com/china-is-banking-on-a-detroit-comeback/

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