This will not end well.
It is a form of conquest.
“This will not end well.”
For China.
This is a repeat of the japanese story in the 90s, when Japan had so many dollars due to their trade surplus, they were buying stuff left and right in the US at inflated prices (including the Rockefeller Center). They took a bath in most of those deals.
I am employed by one of these companies and by a weird quirk because of age and years of service it may work out good for me. I might have an opportunity for early pension.
I agree that overall the wholesaling of America is not good.
My husband’s company is one of the ones mentioned in the article, and since the announcement, I’m waiting for the other shoe to drop. Getting prepared for so many possibilities, few of which are positive. I figure on 4-6 months employment, then all hell breaks loose.