- New World Hospitality, a Hong Kong-based holding company, acquired Dallas-based Rosewood Hotels for a reported $229.5 million;
- Chinese companies executed trade deals with German companies this week worth a total value of $15 billion USD, including a $7.5B order for a (lucky number) 88 Airbus 320s; and
- UK and PRC companies signed $2.3 billion worth in deals, including a $1.5B loan from Bank of China to British gas company BG Group.
Two aspects of these transactions are troubling. First, the lack of money headed towards the United States. Second, at least one of the US deals involves technology transfers of the sort that Siemens and Kawasaki now regret. To sum up, I am more than a little concerned that US companies are more concerned with short-term infusions of cash than long-term viability.
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3 comments:
And don't forget, massive Chinese investment in Australian farmland.
Yes, there certainly is quite a bit of that now, isn't there? I suppose when you have FIRPTA and AFIDA to contend with in the US, you look for other places to park your money.
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