Posted on 02/21/2016 11:20:05 AM PST by SeekAndFind
Here's a story you'll be hearing about a lot this year.
Chinese companies have been buying up foreign businesses -- including American ones -- at a record rate, and it's freaking out lawmakers.
There is General Electric's sale of its appliance business to Qingdao-based Haier, Zoomlion's bid for the heavy-lifting-equipment maker Terex Corporation, and ChemChina's record-breaking deal for the Swiss seeds and pesticides group Syngenta, valued at $48 billion.
Most recently, a unit of the Chinese conglomerate HNA Group on Wednesday said it would buy the technology distributor Ingram Micro for $6 billion.
And the most contentious deal so far might be the Chinese-led investor group Chongqing Casin Enterprise's bid for the Chicago Stock Exchange. A Chinese deal spree
To date, there have been 102 Chinese outbound mergers-and-acquisitions deals announced this year, amounting to $81.6 billion in value, according to Dealogic. That's up from 72 deals worth $11 billion in the same period last year.
And they're not expected to let up anytime soon. Slow economic growth in China and cheap prices abroad due to the stock market's recent sell-off suggest the opposite.
(Excerpt) Read more at businessinsider.com ...
This will not end well.
There is only one candidate that will reverse this.
No surprise here. China has an enormous trade surplus with the U.S., but they don’t use U.S. dollars as a domestic currency. So the only thing they can do is use those dollars to buy things that are sold for U.S. dollars. That’s why they are major investors in all U.S. securities and commodity markets these days.
Obama is letting it happen despite national strategic interests in some of them.
Payback to fellow commies. Doesn’t cost him anything.
The last year he’s giving away the store, anyways. Doing as much damage as he possible can.
Another fabulous by-product of so-called free trade.
They want to get their money and themselves out of China before the collapse. This is one way to do it.
This is called capital flight. For China, it’s a sign of weakness, not strength.
America has become the Biggest Loser! We are inhabited by a bunch of whiny lazy losers.
America doesn't win at anything! Winning makes others uncomfortable. It's not nice to win!
Bye Bye America! It was nice knowing ya!
By doing what, telling someone they can't sell their business to a Chinese?
By eliminating the trade deficit, so that China doesn’t have excess hard currency to buy our companies. And so that our companies can’t be put out of business by Cheap Chinese labor.
It is a form of conquest.
Remember when it used to be Japan? Of course, I know of places that China has unbolted every machine and shipped it back to their home.
We are losing a lot of know how, and it is never coming back.
America is becoming a colony again.
It’s Nixon’s fault.
By eliminating the trade deficit, so that China doesn’t have excess hard currency to buy our companies.
In this instance, the currency that flowed out to China flowed right back in to the American seller, returning those dollars to the US market.
And so that our companies can’t be put out of business by Cheap Chinese labor.
Why would you buy a business to then put it "out of business"?
Suppose a Chinese company or businessman buys an American company .... what does he do with it?
Does he give it to the Chinese government?
Is the technology or knowhow gone from America?
Are the American workers going to lose their jobs?
VOLVO is now owned by a Chinese company, what did it do for Sweden’s economy? Were there mass layoffs?
IBM sold Lenovo to a Chinese company, was this bad for the US economy?
These are questions we have to answer. It could be that none of our worst fears are realized at all.
Suppose a Chinese company or businessman buys an American company .... what does he do with it?
Does he give it to the Chinese government?
Is the technology or knowhow gone from America?
Are the American workers going to lose their jobs?
VOLVO is now owned by a Chinese company, what did it do for Sweden’s economy? Were there mass layoffs?
IBM sold Lenovo to a Chinese company, was this bad for the US economy?
These are questions we have to answer. It could be that none of our worst fears are realized at all.
The bottom line is this — Is that Chinese businessman so dumb that he is going to buy an American company for any other purpose than to make money? And if the American company makes money ( albeit under Chinese ownership), can anyone explain to me why that is a bad thing?
That is a liquidation strategy. Selling the means of production for trade goods is an out of business strategy.
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