China Is Buying Up American Companies At A Record Pace

China has a new growth strategy: purchasing foreign companies.

Portia Crowe, Business Insider: China is buying up American companies fast, and it's freaking people out

Here's a story you'll be hearing about a lot this year.

Chinese companies have been buying up foreign businesses, including American ones, at a record rate, and it's freaking lawmakers out.

There is General Electric's sale of its appliance business to Qingdao-based Haier, Zoomlion's bid for the heavy-lifting-equipment maker Terex Corp., and ChemChina's record-breaking deal for the Swiss seeds and pesticides group Syngenta, valued at $48 billion.

Most recently, a unit of the Chinese conglomerate HNA Group said it would buy the technology distributor Ingram Micro for $6 billion.

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WNU Editor: I have been predicting this for 30 years. After spending tens of billions on buying American real estate .... the Chinese are now positioning themselves to enter America's boardrooms. And while the politicians are "freaking out" .... Wall Street loves it .... China is buying up companies around the world at a record rate — and it's great news for Wall Street (Business Insider).