Chinese Investors Snap Up Brand-Name U.S. Firms

Chinese investor interest in two marquee U.S. companies – Maytag and Unocal – signals a new wave of Asian capital washing onto U.S. shores.

Flush with cash, Chinese investors seek to secure long-term supplies of raw materials for that country’s fast-growing economy and to snap up brand names with global cachet.

The upshot: By 2025, Chinese investors could own two-dozen of the “Fortune “500 companies, says economist David Wall of Chatham House. Unlike the Japanese and South Koreans before them, the Chinese are moving to buy rather than create the multinational companies they need to compete in the global economy, Wall says.
USA Today