News crop , coco cola , AIG some of the top companies have been partly taken over by Chinese companies. China is investing in big American companies like apple and citigroup and slowly taking control of American companies
China investment corporation which is the front for sovereign wealth fund of china has been steadily increasing its stakes in American companies.
And Times reveals that China’s sovereign wealth fund “quietly snapped up” more than $9 billion worth of shares last year in some of America’s biggest corporations, including Morgan Stanley, Bank of America and Citigroup last year
China Investment Corp., the government’s $300 billion sovereign investment fund, has had a mixed investment record since its creation in 2007 with an initial stake of about $200 billion. The CIC’s cash supply was later increased to $300 billion as the Chinese government tried to figure out what to do with a mountain of foreign reserves, now swelling to more than $2.4 billion.
