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IPFS News Link • China

Endangered freedom: Communist China is buying up American infrastructure, land and assets:

• https://www.naturalnews.com, by: Ethan Huff

There are very few companies left in the United States that actually produce products made here, in case you have not noticed. And even those companies that still appear to be based here are, in many cases, actually owned by communist China.

Take General Electric (GE), for instance. This major household appliance company that has been around forever, originally based out of Louisville, Ky., was bought out by Haier, a Chinese corporation, back in 2016.

Haier purchased GE for $5.4 billion, representing the largest acquisition of a foreign electronics business in China. GE is technically still headquartered in Louisville, but the company's true headquarters is now in Qingdao, China.

AMC Theaters is another seemingly U.S.-based company that is now owned by China.

In 2012, a Beijing-based entity called the Dalian Wanda Group bought out AMC in a $2.6 billion deal, transferring ownership of the company's more than 8,200 screens straight to the communists.

Smithfield Foods, the world's largest pork producer, was snatched up by China's Shuanghui International in 2013 for $4.7 billion, which at the time was the biggest purchase of an American company by a Chinese firm (GE became the biggest in 2016).

We also reported that General Motors (GM), America's largest vehicle manufacturing company, was purchased in part by the Shanghai Automotive Industry Corp. in 1998.

Eventually, China will try to take ownership of you and your family

In 2005, IBM's Personal Computer Division was handed over to a Chinese corporation called Lenovo, which bought the company for $1.25 billion.


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