The Chinese already have a major ownership interest in IBM. Red China has been buying premium assets in the west for many years. China has liquidated a lot of those US bonds they had and used the cash to buy good stuff that has value and companies that had great patent collections. When the Japanese had a lot of our dollars, they blew it on golf courses and Hollywood studios and music companies. The Chinese are way better asset buyers.
“When the Japanese had a lot of our dollars, they blew it on golf courses and Hollywood studios and music companies. “
The Japanese were enamored with the same pop culture that has been so harmful to the many in America, and profitable to the few in Hollywood. The Chinese are apparently not that gullible.