Chinese companies have been buying up foreign businesses, including American ones, at a record rate, and it's freaking lawmakers out.
There is General Electric's sale of its appliance business to Qingdao-based Haier, Zoomlion's bid for the heavy-lifting-equipment maker Terex Corp., and ChemChina's record-breaking deal for the Swiss seeds and pesticides group Syngenta, valued at $48 billion.
Most recently, a unit of the Chinese conglomerate HNA Group said it would buy the technology distributor Ingram Micro for $6 billion.
And the most contentious deal so far might be the Chinese-led investor group Chongqing Casin Enterprise's bid for the Chicago Stock Exchange.
You can read the rest @
http://www.businessinsider.com/chinese-outbound-acquisitions-concerns-2016-2
There has been no recovery.
The jobless will remain unemployed.
Economically, China will rule the world.
I'd advise you to "wake up", but it's too late for that. You might as well stay asleep.
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