Quote

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.

Michael Bloomberg

Change background

T
T
T

Change font

TAGS & TOPICS

Michael Bloomberg
Age: 82
Born: 1942
Born: February 14
Actor
Aircraft Pilot
Bank Manager
Businessperson
Former Mayor Of New York City
Politician
Trader
Writer
Boston
Massachusetts
Michael Rubens Bloomberg
Michael R. Bloomberg
Mike Bloomberg
Europe
Factories
Cost
Markets
Costs
Lower
Closer
Investing
China
Labor
Eastern

More quotes by Michael Bloomberg

Image
What you've got to do is be honest. Say what you believe. Give it to them straight. Just don't wuss out.
Michael Bloomberg
Image
Today, you're a piranha if you are seen having coffee with somebody from the other party in many cases.
Michael Bloomberg
Image
Nobody wants a job where they don't have authority to go along with the responsibility. Quite the contrary. The more authority you give people, the better people you can attract, and the harder they're going to work, and the more loyal they are going to be.
Michael Bloomberg
Image
I have my own army in the NYPD, which is the seventh biggest army in the world. I have my own State Department, much to Foggy Bottom's annoyance. We have the United Nations in New York, and so we have an entree into the diplomatic world that Washington does not have.
Michael Bloomberg
Image
Working collectively and collaboratively is the difference between mediocrity by yourself or success as a team. You have to share the pain and the responsibility and if you do then you will also share in the rewards.
Michael Bloomberg
Image
We all must recognize that homeland security funds should be allocated by threat and no other reason.
Michael Bloomberg
Image
Many of America's and New York's sons and daughters are around the world fighting for the freedoms that the Statue of Liberty stands for.
Michael Bloomberg
Image
If people are not smoking, they'll probably be drinking more.
Michael Bloomberg
Image
Taxes are not good things, but if you want services, somebody's got to pay for them so they're a necessary evil.
Michael Bloomberg
Image
We need to inject some old-fashioned American values and common-sense, practical thinking into our energy policy.
Michael Bloomberg
Image
After hard work, the biggest determinant is being in the right place at the right time.
Michael Bloomberg
Image
People use so much more health care when they live longer.
Michael Bloomberg
Image
If I remember, Russia, 20 or 30 years ago, you'd get shot trying to leave. Today, Russian tourists are all over the world. You have Russian oligarchs with big yachts all over the world.
Michael Bloomberg
Image
I never lie, so if somebody asked me a question, I told them.
Michael Bloomberg
Image
What goes on in Europe concerns us greatly because, if Europe comes apart, the E.U. comes apart, then you're going to have enormous impact on America, that's a very big trading partner of ours, and people own securities around the world in this day and age.
Michael Bloomberg
Image
Jeb Bush is very good on immigration, he's very good on education. He's a smart guy.
Michael Bloomberg
Image
I've got the greatest job in the world. There's no other job in government where cause and effect is so tightly coupled where you can make a difference every day in so many different ways and in so many different people's lives. It's a great challenge.
Michael Bloomberg
Image
We're paying more for the privilege of getting sick and dying early. Once again, it makes no sense. And once again, no one in Washington is talking about how to fix it.
Michael Bloomberg
Image
We will rebuild, renew and remain the capital of the free world.
Michael Bloomberg
Image
Our climate is changing. And while the increase in extreme weather we have experienced in New York City and around the world may or may not be the result of it, the risk that it may be - given the devastation it is wreaking - should be enough to compel all elected leaders to take immediate action.
Michael Bloomberg