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Q: Are you worried about China's international buying spree?

It seems China is buying up the world with their new wealth. They bought one-third of all the farmland of Brazil, the City of Detroit, the best oceanfront and office space on the market in California, the largest movie theater chain in the world, and even Smithfield foods which gave them a monopoly on the pork market. The bought Canada's largest oil company, the entire oil production of Iraq, and will soon do the same in Venezuela. Lenovo just bought Motorola, and now they are hungry for tech companies.  Heck, they even tried to by the New York Times. The scary oart is that they control access to 98% of the rare earth and minerals needed for all high-tech products. In 2012 they made over $40 Billion of acquisitions. The 2013 numbers are still being collected but is expected to be close to double.  Does this worry you at all? Be honest.

 

My concern is that the Chinese will never threaten U.S. military superiority, but they could with the next ten years, control the world economically and start imposing sanctions of their own to get what they want. If they teamed up with Russia the world would be at their mercy. What do you think?

9 years 47 weeks ago in  General  - China

 
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Posts: 236

Governor

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I think you are confusing Chinese people and China.  Chinese investors own that stuff, not the Chinese govenrment.  

NoTime2Lose:

SOE's invest 10% of their profits overseas and the top 4 banks of China are technically SOE's  ICBC has over 100 offices outside of China and a huge investment holding subsidiary worth over $60 B.

9 years 47 weeks ago
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9 years 47 weeks ago
 
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Emperor

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You're on topic for once, so have an upvote.

 

Nobody should be able to buy property in the U.S. unless they're U.S. citizens. What gives?

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9 years 47 weeks ago
 
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Emperor

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http://www.npr.org/2014/03/04/285711091/chinese-investors-arent-snatchin...

 

I don't personally think non-citizens should be allowed to purchase homes in the U.S., even though it's not illegal. However, investments into businesses I have no problem with.

 

Finally, no, I'm not worried. When push comes to shove, we'll kick them out and/or put them in internment camps, take away their property and then machine gun their genitals.

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9 years 47 weeks ago
 
Posts: 2878

Shifu

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Thats great thought leadership!

We discussed this at the CFTU meeting and The Leader thinks we shouldnt worry.

Thats good enough for me!

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9 years 47 weeks ago
 
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Emperor

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I find it problematic that the EU has been sleeping and have no strategy on natural resources, while China has been swooping up everything possible. Farmland, random ccompanied doesn't bother me, those are drops in the ocean. 

(and do they actually buy the farmland, isn't it some long term lease ?)

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9 years 47 weeks ago
 
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Emperor

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japan was on the high horse, at the top of their game, at the peak of the economic cycle in the 80's buying all the american property they could find and they crashed, put their tail between legs, sold out for half price and left. history does repeat itself a lot in the world, and america loves to take their money at a game we invented financed and produced. as for sanctions from russia and china on the west, the "trust" issue will be hard to overcome by world investors to go along with this, all the players have to be trusted to some degree and i dont see this ever happening with china. the cultural revolution destroyed trust among their people, turning each other in for death or torture, how can the world trust the economic stewardship of china when their own people cant trust each other.
when their demographics kill them in 20 years, they will need all the assets they can get to sell for financing this chaos and i'm quite sure it will be a buyer's market with steep discounts.

Sinobear:

My sentiments exactly

9 years 47 weeks ago
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Hulk:

Very well said.

9 years 47 weeks ago
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RiriRiri:

The equation might be a little different this time. Properties bought by Chinese are not only an investment but a personal key out of the Kingdom of Heaven, they might not be willing to sell out that very perk anytime soon. Plus considering Chinese high ideals and principles, I suspect when it all starts to go down many would chose just to get the fuck out and enjoy the show from outside, instead of trying to refinance their shit.

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Emperor

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Exactly why china would never attack Japan. All those assets would be froze.

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9 years 47 weeks ago
 
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Governor

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China control 98% of rare materials for high tech products ? really ? could you share your source ? I'm interested where you get all those news

cooter:

It's wrong.  China currently produces 98% of the worlds rare earth minerals for high tech products, because they're the one willing to rape their own environment in order to get at them and reap the profits.  Assuredly, there are rare earth deposits elsewhere....we're just content to use the cheap supply from China until it runs dry or they pitch a hissy fit about something.

9 years 47 weeks ago
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liantohusin:

@cooter, may I know your source or reference. I'm always interested in reading about economical / environmental stuff.

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9 years 47 weeks ago
 
Posts: 12

Governor

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Well said ambiv yet, the parallelism with the then and now Japan is wrong. Good try though Wink

 

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9 years 47 weeks ago
 
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Governor

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Well said ambiv yet, the parallelism with the then and now Japan is wrong. Good try though Wink

 

mike695ca:

if your going to claim someone is wrong, you should probably explain why.

9 years 47 weeks ago
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Ecehomo:

Hi Mike, give me examples of what parts of the world have Japanese bought at the time along with the collapses; furthermore I invite you to venture in Japanese today's society for yourself to see and understand that, parallels are hardly doable between China and Japan. The wrong I pointed is a naive denial of the pejorative connotation in Ambiv arguments when mentioning Japan. Nothing more, nothing less, no time for scientific analysis on this platform.

The 1% of oligarchs who control the world's wealth bought niches in every corner of the world regardless of their own countries of origin. As someone dropped it above, one might grab lands....in a country but the final word belongs to the lambda citizens who may one day ask for justice and claim their heritage.

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