August 27, 2012
In the Movies, and in Real Life, the Chinese are now buying up American assets at a record pace.
The figure is about $8 billion so far this year, mainly in energy, aviation, and entertainment. The previous "record" for Chinese buying was the spree of 2007, totaling roughly $7 billion. See, e.g., in the LA Times "China eagerly buying up American assets", in the Financial Times (via CNN) "Chinese acquisitions in U.S. near record", and the new Warner Bros. fictionalized account of the misfortunes of North Carolina's 14th Congressional District in The Campaign, with Will Ferrell, Zach Galifianakis and half our mainstream media, all playing themselves.
Posted by JD Hull at August 27, 2012 11:50 PM