China is steadily acquiring the strategic assets itneeds to fuel its growth plans by buying up foreign companies.
In the first six months of 2008, China has doubled the amount of money it has invested in foreign companies to $25.7billion.
“The Chinese government takes pains to guide and encourage companies to ‘go out. China’s outward investment will enter into a new phase of fast development,” said theAssistant Minister of Commerce Wang Chao.
This reinforces my #1 rule for making money in the next decade: get ‘long’ whatever the Chinese are buying.
