According to Forbes Magazine’s Nov. 24, 2014, issue, which I paraphrase below, since the year 2000 Chinese companies have made almost 900 purchases of U.S. assets worth $43 billion. China’s billionaires are gobbling up U.S. companies at a record pace.
Most disturbing are the implications of these purchases by Chinese Communist companies on our national security. Ralls/Sany purchased four wind farms in Oregon near a Navy weapons system base. Wanda group purchased 342 movie theaters previously owned by AMC Entertainment. WH Group bought Smithfield Foods, the world’s largest pork processor. Lenovo purchased Motorola a ... continue reading »