Chinese in Michigan

(Photo: CBS 62's Tony Chiudioni)
DCBA President Jerry Xu and  Milan Stevanovich with "Michigan Matters" host Carol Cain talk about Gov. Rick Snyder's challenge in pitching Michigan to Chinese investors.

Expert: Detroit’s Bankruptcy Makes It Hard To Attract Chinese Investment In Michigan

“In China there is no municipal bankruptcy. The central government controls everything – hence a lot of time and energy is needed to for many to realize that this is actually a good thing. That debt is being cleared and crisis can be opportunity,” said Stevanovich.

CBS 62–09/06/2013