US companies’ hunt for profit takes them eastward


  • Business
  • Thursday, 29 Jan 2004

NEW YORK: With corporate America scrambling to fatten its profits amid a fledgling US economic rebound, Asia’s rapidly emerging markets are fast becoming a staple for growth-hungry US companies. 

American corporations have increasingly turned to Pacific Rim countries, especially China, to fill in the gaps in demand at a time when global economic sluggishness was forcing US and European companies to rein in spending. 

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