China Buying American Companies at Record Rate

AP Photo
The Associated Press

From the Business Insider:

Here’s a story you’ll be hearing about a lot this year.

Chinese companies have been buying up foreign businesses — including American ones — at a record rate, and it’s freaking out lawmakers.

There is General Electric’s sale of its appliance business to Qingdao-based Haier, Zoomlion’s bid for the heavy-lifting-equipment maker Terex Corporation, 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 on Wednesday 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 of the story here.

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