Viewpoints: Letters / Opinions
China Buying U.S. Companies
By Donald A. Moskowitz
January 08, 2015
Thursday AM
Letter to the Editor:
According to Forbes Magazine November 24, 2014 issue, which I paraphrase below, since the year 2000 Chinese companies have made almost 900 purchases of U.S. assets worth $43 billion. China’s billionaires are gobbling up U.S. companies at a record pace.
Most disturbing are the implications of these purchases by Chinese Communist companies on our national security. Ralls/Sany purchased four wind farms in Oregon near a Navy weapons system base. Wanda group purchased 342 movie theaters previously owned by AMC Entertainment. WH Group bought Smithfield Foods, the world’s largest pork processor. Lenovo purchased Motorola and part of IBM’s server business.
"In five years China’s direct investment in the United States has grown from $2 billion a year to $14 billion."
We should limit the purchase of U.S. companies by the Chinese Communist regime, and probably restrict the ownership of U.S. companies to less than 30% of outstanding shares of stock.
Donald A. Moskowitz
Londonderry, NH
Received January 07, 2015
- Published January 08, 2015
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