China and Prince Alwaleed to invest in Citigroup

China and Prince Alwaleed to invest in Citigroup

www.reuters.com

The China Development Bank is expected to invest $2 billion in Citigroup, WSJ reported, adding other investors could inject additional capital.

Altogether, the bank is hoping to raise $8 billion to $10 billion from a number of investors, including the Chinese bank and Alwaleed, WSJ said.

(visit the link for the full news article)

Well, once again we see the Chinese investing in American economic infrastructure. Their portfolio is getting pretty big.

What do you think of the motives for this move? Protecting their trading partner, or something more subversive?

www.reuters.com
(visit the link for the full news article)

[edit on 2008/1/11 by SteveR]

reply to post by SteveR


Steve,

This sort of investing has been happening on and off for a while.

A lot of companies in the US are owned by foreign nationals and we really don't have a clue.

That's the beauty of a publicly traded company; anyone can own the majority of stock.

I guess the same goes for private companies though.

Here's a post that is relevant to your thread: www.abovetopsecret.com...

In response to your questions:

I think the main motive is to gain more buying power for other countries to essentially rape the US of its resources.

We do it all the time in other parts of the world, now the US is "for sale to the highest bidder" as mentioned in the thread I posted.

[edit on 1/20/2008 by biggie smalls]