Know what's more interesting? Despite huge cash reserves in dollars, the Chinese haven't bought much (if any) real estate...
As opposed to the Japanese, who own 1/2 of Arizona, 1/2 of New Mexico and huge farms (ranches) in Texas.
Look, corporations are bought and sold all the time. Burger King is British, etc. What bothers me is that WE can not buy any of their companies. Imagine what would happen if Nike bought a shoe factory in China and competed with them on their turf. Nike could pay a decent wage, get the best talent, and take the profit from the manufacturing end.......Bob
That's interesting. I hadn't seen any analyses of what all the Chinese are investing in here overall, but with the real estate bubble, I am not surprised that they are not all that interested.
I wish that BEA would put more detail in their IIP reporting. Their "detailed" versions here and here are anything but detailed. If they could just post the raw stats -- even in csv form on an ftp server would do -- that would certainly be more informative than the pap that they do serve up.
Very interesting. They're either waiting for "the bubble to burst" or the "fallout to disperse".