Posted on 04/28/2020 10:26:49 AM PDT by dynachrome
1. General Electric (GE) In 2016, GE was bought by the world’s largest appliance company — Haier from China
2. AMC Theatres AMC was bought out by Beijing-based Dalian Wanda Group in a $2.6 billion deal in May 2012.
3. Smithfield Foods Smithfield Foods, was acquired by China’s Shuanghui International in 2013 from American owners for nearly $4.7 billion,
China also has a stake in the ff. American companies: Morgan Stanley, VISA, Blackstone, Ford, Chesapeake Energy, and in famous American social news aggregation site Reddit.
(Excerpt) Read more at whatsonpolitics.com ...
“Immelt just continued what Jack Welch started.
Took apart one of the greatest companies a piece at a time.”
GE (specifically, GE Capital) also had a habit of taking over companies it had no business getting involved in, and then ruining them, then selling the carcasses to the highest bidder.
“GE sold their appliance business that was based in Louisville.”
Didn’t that complex have a huge fire about five years ago?
The most profitable company china owns is the United States Congress.
Field technician for Appliances in central Virginia, made many trips to Louisville.
Yes, distribution warehouse burned down.
Marked for later.
Thank you.
There’s plenty of other CCP stooges in America.
The misnamed US Chamber of Commerce.
The globalist wing of the GOP and Democrats.
Apple
I will say there was a fair amount of ham in my local grocery store today. I wasn’t looking for any, so I did not check the brand.
Haier did not buy “GE”.
GE sold Haier ONLY the GE home appliance business and it’s lighting business. Together they comprised 6% of GE revenue and less than 3% of GE profit.
GE has much bigger businesses it kept.
Also Continental Motors......general aviation engine manufacturer.
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