According to this New York Times article, China’s sovereign wealth fund has been buying stakes in some of our country’s biggest (and best) companies – including Coca-Cola, Apple, and Johnson & Johnson.
All told, China put $9 billion to work in U.S. stocks last year.
So, once again, I’d like to reiterate my stance that high-quality U.S. companies still have real value. In fact, I consider them the best wealth-building vehicles on the planet. And apparently the Chinese can see that, too.
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