Three of communist China's big state-owned enterprises (SOEs) are part of a bidding war underway for Starwood Hotels & Resorts Worldwide, the parent group that owns iconic high-end hotel brands Sheraton, Westin, St. Regis, and W Hotels. According to various business news reports, the Hyatt hotel chain is a front-runner in the buyout competition, but if deeper pockets prevail the sale could go to China Investment Corporation (CIC), a sovereign wealth fund of China's communist government. Also bidding for the prestige hotel acquisition are the giant Shanghai Jin Jiang International Hotels Group Co, Ltd. and HNA Group, the parent company...