Free Republic

Beijing wants to diversify out of U.S. debt and it will have plenty of cash to make acquisitions. From 2007 through the first half of this year, Chinese buyers—state, private and in between—acquired 400 companies located outside of the country. The acquisitions span a wide range: mining companies in Australia, Vietnam and South America; oil and gas companies in Africa and the Middle East; banking, financial services and insurance companies in Europe; and electronics, telecommunications and lab testing companies in the U.S. The total cost? $86 billion. That may sound like a big number, but in fact it's relatively small....

China's giant sovereign wealth fund revealed it has accumulated stakes totalling $US9.6 billion ($A11.1 billion) in major US companies including Coca-Cola, Apple and Goodyear following a buying spree last year. Most of the stakes are small, reflecting China Investment Corp's strategy of avoiding politically sensitive acquisitions. But they highlight its growing presence in global markets as it invests a portion of Beijing's $US2.4 trillion ($A2.78 trillion) in foreign reserves. The holdings were disclosed Friday in a filing with the US Securities and Exchange Commission that listed shares traded in the United States. CIC, one of the world's biggest investment funds,...