China 'glass king' to continue US expansion

China’s largest auto glass manufacturer, Fuyao Glass, will press ahead with investments worth about $1 billion in the United States this year despite criticism at home amid growing China-US tensions, the company’s chairman said. The company also expects to invest a further $130 million in Germany and Russia this year. Fuyao chairman, billionaire Cao Dewang, whose company is already the biggest investor in Ohio, told Reuters he planned to create about 4,500 jobs by setting-up plants in Ohio, Illinois and Michigan this year. The move has sparked outrage on Chinese social media, with netizens urging the government to stop Cao from “running away” at a time when US regulators are stepping up scrutiny of Chinese buyers and new US President Donald Trump has strongly criticized Chinese trade practices.