There are LOTS of foreign-owned banks operating in the USA..It's called "The Global Market."
These types of relationships INCREASE motivation to NOT GO TO WAR over petty crap. This is a good thing. Having a non-European deposit bank operating
in the USA will also give the USD some security, because it will be investing the dollar in Chinese expansion, which I assure you is in full swing.
China is not only modernizing itself (and setting the new standard for modernization) at a rapid pace, but Africa and other places as well.
The Bank of Pakistan has a US branch.
The Bank of India has a US branch.
The Bank of Ireland has a US branch..
On the other side of the coin, US banks operate in foreign countries as well:
CITIBANK CHINA!!!!!
Citibank, a US bank, operates in Japan and other countries..
Chase Bank operates in a bazillion countires.. Etc.
You're all freaking out over normal everyday strong financial partnership stuff.
China also pretty much bought a mountain in Nevada, Mount Hope, a few years ago. It stands to be the biggest producer of molybdenum by 2015. I bought
a bunch of it, let's see if it makes me rich.
Don't panic, ride the wave. You guys are silly.
edit on 10-5-2012 by TinkerHaus because: (no reason given)