China Is Going on a Buying Spree

Chinese companies are seeking to invest some of their vast hoard of U.S. dollars by buying productive assets. However, this has many Americans worried. Are these concerns justified? We'll examine this trend and its implications.

Earlier this summer, the China National Offshore Oil Corporation, known as CNOOC, made a cash offer of $18.5 billion to buy Unocal. It was a friendly offer, and since 70 percent of Unocal’s reserves are near Asian markets where CNOOC operates, it seemed to make sense to the company,.....

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