September 22, 2008
Help Is On the Way
From China Daily 4-11-06 “Foreign Takeover Controversial”
“If China lets multinationals’ malicious mergers and acquisitions go ahead freely, China can only act as labour in the global supply chain,” said Li, worrying that Chinese brands and the innovation ability of the national industry would disappear gradually and core parts, key technologies and high added value of China’s leading enterprises might be completely controlled by multinationals.”
Apparently the sense this makes has not yet occured to American bankers who are looking everywhere for cover:
US investment giant Morgan Stanley has frozen talks on a merger with Wachovia bank but is pressing on with talks for CIC of China to end up with a big stake in it, a media report said on Monday.
Our country has been taken over by us, and I don’t mean We the People.
comments
Leave a Reply