The Communist City Government of Beijing, China is Now Saginaw, Michigan's Largest Employer. WSJ - A GM Unit in China's Hands Communist China now owns Saginaw Steering Gear. This company has over a 1,000 patents, many of which are for high tech US Military Weapons. You can bet this is what the Chinese were after. This company along with most of it's patents and jobs will find its way to China in a few short years.