Name: From ‘Made in China’ to ‘Owned by China’: 20 deals show how China is gobbling up U.S. assets
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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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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.Updated: July 7, 2020 - 11:15amU.S. lawmakers are seeking how to address . 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.and has urged a boycott of goods made in China.&nbsp;“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, a boycott of goods made in China would do little to address growing Chinese influence over American interests achieved via investments, mergers, and acquisitions.&nbsp; 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.Here are 20 Chinese investments and buyouts that have consequences for American consumers (and potentially 2020 election voters):3. Universal Music Group — Tencent bought 10% of UMG in December 2019 for $3.4 billionLenovo had previously purchased IBM’s personal computer business for $1.75 billion in 2004, making it the world’s third-largest manufacturer of personal computers.By August 2014, Obama’s CFIUS had approved the Lenovo takeover of IBM’s x86 division.The China state-owned (or state-linked) billion-dollar takeovers and multimillion-dollar investments listed above represent just a small fraction of the total funds pouring into the U.S. from China. Chinese energy companies have also taken control of numerous oil and gas and clean energy assets across the U.S.&nbsp;But buying out American companies is not the only way China exerts its influence in the United States. Chinese entities often partner with American firms on real estate developments, technology initiatives, manufacturing projects, and other deals that lead to increased financial ties without China taking a direct ownership stake.American companies, particularly ones with complex supply chains and significant international sales operations, often set up manufacturing operations in China to capitalize on low labor costs and lax worker protections. For example, a recent analysis found that at least eight U.S. companies — Abercrombie &amp; Fitch, Amazon, Apple, FILA, General Motors, Google, Nike, and Ralph Lauren — benefit “from China’s enslavement of Muslim minorities.”&nbsp;&nbsp;

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.Updated: July 7, 2020 - 11:15amU.S. lawmakers are seeking how to address . 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.and has urged a boycott of goods made in China.&nbsp;“We have to pass a law: Stop buying anything from Communist China,” Scott said in a...

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Author of new book: CONTROLIGARCHS: Exposing the Billionaires, Their Secret Deals, and the Globalist Plot to Dominate Your Life. Ephesians 6:12. Opinions mine.

Seamus Bruner

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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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