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Why is China Buying?

Posted by Mike on June 23rd, 2005

Read the story, CBS News | China Bids For U.S. Oil Company | June 23, 2005?09:30:01. There is a pattern emerging of China buying, or trying to buy U.S. businesses. This is the logical outcome of the economic policy of the U.S. China is becoming flush with cash. Cash that the corporations and people of the United States are sending China’s way. This is done in the name of corporate profits and personal comfort. We are a nation of consumers. There is a problem, in that consumption eventually devours the whole body. Our wealth, prosperity, security, and future are being thrown away with our national trade imbalance.

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