What U.S. Investments Does China Like?
Jim Trippon submits:
China went on a U.S. buying spree last year, or so says the New York Times. In a gushing story, the Times revealed 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 (MS), Bank of America (BAC) and Citigroup (C).
Also on the shopping list were some of America’s most famous global brands, including Apple (AAPL), Coca-Cola (KO), Johnson & Johnson (JNJ), Motorola (MOT) and Visa (V).