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China is buying up American companies fast, and it’s freaking people out

china buys american companies

 

Here’s a story you’ll be hearing about a lot this year.

Chinese companies have been buying up foreign businesses, including American ones, at a record rate, and it’s freaking lawmakers out.

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There is General Electric’s sale of its appliance business to Qingdao-based Haier, Zoomlion’s bid for the heavy-lifting-equipment maker Terex Corp., and ChemChina’s record-breaking deal 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.

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