U.S. Government Shows a New Openness to Buyers from China
Finance / Investment
June 3, 2013
By Tim Devaney
From the AMC movie theater chain to the personal computer lines once owned by IBM to the country’s biggest hog farmer, Chinese investment in America is on a record pace, with the ring of the cash register drowning out security concerns in a rebounding U.S. economy.
During the past 15 months, Chinese businesses spent more on U.S. deals than in the previous 11 years combined, and — despite some high-profile rejections — the U.S. government may be more willing to allow Chinese companies to buy out their American rivals.
“State governments all want the Chinese investment, because they need jobs,” said Siva Yam, president of the U.S.-China Chamber of Commerce, based in Chicago. “They welcome them with open arms.
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