But let me pose this question.. We all don't like China having all those US dollars! So how do we get them back? Well GM is investing Chinese Renminbi to produce cars, sell them in Renminbi and make a profit in Renmibi. To bring back profits to the US, GM will convert Renminbi to USD from Chinese reserves and send DOLLARS to the US. GM can then invest US $ in the US economy.
Unfortunately since the US taxes patriot profits, companies tend to send those profits to Belgium tax free the invest the capital elsewhere. GOOD thinking liberals- what is a tax to appease big labor is hurting the US economy.
AMEN!!!!!!