American businessman with front row seat to China's opening-up boom

For more: https://news.cgtn.com/news/2023-12-21/American-businessman-with-front-row-seat-to-China-s-opening-up-boom-1pI3k9UG8hO/p.html "China's growth is not good, it's been a miracle," says Manuel Menendez III, founder and CEO of MCM Group Holdings. Menendez was involved in the first China-U.S. joint venture when CITIC and a Chicago-based company called Beatrice built a factory in Guangzhou. This was credited as the first joint venture in China with a Fortune 500 company. Menendez credits the hardwork and determination of Chinese people for supercharging their own average income from less than $200 per year in 1979 to $12,000 to $13,000 per year today. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv