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China is buying up American companies fast
businessinsider.com
Chinese companies have been buying up foreign businesses, including American ones, at a record rate, and it's freaking lawmakers out.
There is General Electric's sale of its appliance business to Qingdao-based Haier, Zoomlion's bid forthe heavy-lifting-equipment maker Terex Corp., and ChemChina's record-breakingdeal for the Swiss seeds and pesticides group Syngenta, valued at $48 billion.
Most recently, a unit of the Chinese conglomerate HNA Group said it would buy the technology distributor Ingram Micro for $6 billion.
And the most contentious deal so far might be the Chinese-led investor group Chongqing Casin Enterprise's bid for the Chicago Stock Exchange.
To date, there have been 102 Chinese outbound mergers-and-acquisitions deals announced this year, amounting to $81.6 billion in value, according to Dealogic. That's up from 72 deals worth $11 billion in the same period last year.
And they're not expected to let up anytime soon.
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