Posted on 04/28/2016 5:55:40 AM PDT by C19fan
A unit of Chinese conglomerate HNA Group has agreed to buy Carlson Hotels, which owns brands including Radisson and Country Inns and Suites, the latest in a flurry of overseas investments by Chinese companies.
HNA Tourism Group will acquire all of Carlson Hotels Inc., the companies said in a joint statement released late Wednesday that did not disclose the purchase price.
(Excerpt) Read more at nbcnews.com ...
They’ve been buying bullion like it’s going out of style, so to speak; what else to do with all those dollars?
Everyone knows they’ll never be paid back. Turning greenbacks into hard assets was always inevitable.
Bridgestone finally made a profit on their Firestone investment 35 years after its purchase.
Totally expected. China is holding two trillion dollars that will soon be worthless. Have to use them now - or never.
Makes sense. Half an hour after you check-out you’ll want to check back in again.
Oh, boy; another place to boycott! I’m gonna have to make a list as there are so many I can’t remember ‘em all!
Remember there was a time when the Japanese, when their economy was booming & ours was in another rescission that they were buying up everything in sight & we had worries about that back then. Wait until the Chinese economy falls apart [just like every other one in time] it will have massive repercussions throughout out the world.
Bttt
I really couldn’t care less about them buying ventures like Hotel chains. Purchase of [non-consumer] technology companies worries me however.
Yes but they have a fallback: There's a lot of people in China!
Fortune cookies on your pillow at night instead of a chocolate mint?
No thank you.
“Wait until the Chinese economy falls apart [just like every other one in time] it will have massive repercussions throughout out the world.”
The Japanese economy entered a 20-year stagnation just after it began the buying spree in the US that you mentioned. Many of the properties the Japanese bought were subsequently sold at a loss. The main losers were the Japanese investors themselves.
Sad and desperate situation.
And they have lots and lots of gold.
As for the Radisson: “Hey. It’s Mike Yanagita!”
The vast majority of the people in China are still incredibly poor.
Trump is correct about some things. Our ill conceived trade policies have enabled China to rebuild after sixty years of Maoism at the expense of the American Middle Class.
The U.S has no intention of paying anyone back. They have successfully suckered the whole of humanity to underwrite government largess on a massive scale and intend to not pay.
They are presently trying to inflate their way out through Quantitative easing, but have only caused a new stock market bubble. The fact is that most consumer and business demand is so low that their inflating of the money supply has caused the investors to simply run up the stock markets.
My thoughts exactly, and despite the hardship for Americans, I hope they are hurt worse than the Japanese when the market crashes and they don't have a demonrat president in their pocket.
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