China eagerly buying up American assets

I am old enough to remember when Japan was the big scare in the 1980s, and now it could China. 

Check out this article from LA Times:

BEIJING — Facing a sharp economic slowdown at home, Chinese companies are plowing money into U.S. assets at a record pace, making huge bids for American energy, aviation, entertainment and other businesses.

http://www.latimes.com/la-fi-china-us-investing-20120825,0,7160518.story

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