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2020-07-10 Economy
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From ‘Made in China' to ‘Owned by China': 20 deals show how China is gobbling up U.S. assets
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U.S. politicians are seeking how to address growing American supply chain concerns amid the global coronavirus (aka COVID19 or Chinese Plague)
 ...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men...
pandemic. In addition to most consumer goods and electronics, China reportedly manufactures "more than 90% of U.S. antibiotics, vitamin C, ibuprofen and hydrocortisone, as well as 70% of acetaminophen," among other crucial drugs imported by the U.S.Sen. Rick Scott (R-Fla.) has become one of the most vocal critics of the Chinese Communist Party and has urged a boycott of goods made in China. "We have to pass a law: Stop buying anything from Communist China," Scott said in a recent interview. "Nothing. Don’t buy any products from them."
However,
facts are stubborn; statistics are more pliable...
a boycott of goods made in China would do little to address growing Chinese influence over American interests achieved via investments, mergers, and acquisitions. Between 2002 and 2016, Chinese state-owned or state-linked companies acquired more than $120 billion worth of assets in 40 states across the U.S. Just 15 Chinese entities (sovereign wealth funds, state-owned corporations, or state-linked private sector firms) accounted for 60% of this activity. In 2016 alone, more than 50 of these Chinese acquisitions exceeded $50 million. Several Chinese takeover deals exceeded $1 billion.
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Posted by Chunky Ebbanter9368 2020-07-10 00:00||
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