A passage from this WRAL story about Gov. Perdue’s “business recruitment” trip to Japan and China stood out:
China’s growing economy is so strong that incentives are not the key factor to luring investment, Perdue observed.
“It is very apparent that they have so much liquidity,” she said.
Rather than money and incentives, Chinese companies are looking for support and assistance in navigating the state system, she said.
Companies with a base in Communist China are used to dealing with government entities, she said.
“Government relationships are very important to Chinese companies. The fact that the governor of North Carolina … is here is a big deal,” she said.
So Chinese companies “used dealing with government entities” of a Communist nation need help “navigating the state system” here in North Carolina? What does that say about the level of government intervention in North Carolina’s economy?