Guest Tony n Terrific Posted July 22, 2009 Report Share Posted July 22, 2009 The U.S. effectively blocked a takeover of 3Com by Bain Capital and Huawei Technologies. Some of 3Com's assets were deemed "strategic," meaning China should never get its hands on technology that might be counter to American interests. China's plan to "shop the world" for assets is about to get much more divisive. http://www.dailyfinance.com/2009/07/22/chi...-in-its-pocket/ Link to comment
Guest Wuhan4me Posted July 22, 2009 Report Share Posted July 22, 2009 In related news, China has decided to use its Forex Reserves to give to China Companies, with the exclusive use of 'buying shares and positions of foreign companies'. Was a massive wake up call for me, covered on CNBC's WorldWide Exchange, overnight. Was about 2 bill usd, IIRC. Geez. But what I really think is that it's not gonna be a hard cash payout, somewhere these monies will instead get 'leveraged' with any USA T-bills or T-bonds usage. Link to comment
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