CHRIS KATTERJOHN Commentary: China Syndrome hits 21st century

The Chinese have taken a keen interest in U.S. corporations of late. Just this year, a Chinese firm acquired the personal computer business of IBM Corp., and a consortium led by a large Chinese conglomerate investigated-but dropped-the idea of buying appliance maker Maytag. Though they involved long-standing and cherished American brands, neither deal raised too much reaction from American business executives or politicians in Washington. By contrast, when China's CNOOC Ltd. offered in June to acquire California-based Unocal, all hell...

 

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