NOW IT IS THE TIME FOR INDIANS TO SET UP MANUFACTURING FACILITY IN US IN BIG NUMBERS. THE CHINESE ARE DOING.

Americans are too used to buy goods with the 'Made in China' label. But soon the Chinese may be buying goods with 'Made in America' tags. Yes, the oriental economy is doing its best to take over Uncle Sam. So much so that, as per Fortune, China's investments in the US rose a sterling 360% in first half of 2010. America itself is worried about the Chinese capturing their markets.

However, there is little that they can do. The Chinese companies promise jobs to Americans in smaller towns. And that is something the US cannot do without given the perilous state the economy is in. While the US has levied heavy duties on Chinese exports, it is unlikely to dissuade Chinese manufacturers to set up shops there. China on its part has announced investment of US$ 5 bn in the US this year as against an average of US$ 500 m in earlier years. The US literally seems at China's mercy.