If you can hear a piano fall
You can hear me coming down the hall
--The White Stripes
Is China marching down your hall?
Yes, it is.
The Chinese have yet again attempted to secure a resource-based company:
Chinese Oil Giant in Takeover Bid for U.S. Corporation
By DAVID BARBOZA and ANDREW ROSS SORKIN
Published: June 23, 2005
SHANGHAI, Thursday, June 23 - One of China's largest state-controlled oil companies made a $18.5 billion unsolicited bid Thursday for Unocal, signaling the first big takeover battle by a Chinese company for an American corporation.
The bold bid, by the China National Offshore Oil Corporation ( CNOOC), may be a watershed in Chinese corporate behavior, and it demonstrates the increasing influence on Asia of Wall Street's bare-knuckled hostile takeover tactics.
Interesting. The Chinese are receiving your FDI dollars and for what? To buy your local company. Outstanding. Huge inflows of FDI dollars = Buying spree.
It's sort of like when AOL bought Time Warner: They had so much money they had to buy something of substance to justify their huge inflow of investment cash flow.
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