An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, June 12, 2017
Xinhua — US urged to open the door wider to China's investment
"There is much distrust and misunderstanding about Chinese investments and of China in the US market," Xu said.
Is there a shortage of investment funding for viable businesses in the U.S.? Not that I am aware of.
If this "investment" consists of buying real estate and existing businesses, then it's not really investment. We don't need more rich people bidding up assets and extracting rents.
Naturally the Chinese would like to spend their stash of American dollars on something, but that something should be American value-added products, not American assets.
What would be the benefit to the U.S.?
ReplyDeleteIs there a shortage of investment funding for viable businesses in the U.S.? Not that I am aware of.
If this "investment" consists of buying real estate and existing businesses, then it's not really investment. We don't need more rich people bidding up assets and extracting rents.
Naturally the Chinese would like to spend their stash of American dollars on something, but that something should be American value-added products, not American assets.