Quote by: Michael Bloomberg

China is investing in factories in Eastern Europe, not because their labor costs are lower, but because they want to be closer to their markets.


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Author Bio


  • NameMichael Bloomberg
  • DescriptionAmerican businessman and politician, mayor of New York City
  • AliasesMichael Rubens Bloomberg
  • BornFebruary 14, 1942
  • CountryUnited States Of America
  • ProfessionBusinessperson; Politician; Aviator; Writer