Just like Japan in the 1980s, China today is translating its expanding wealth into global economic clout. China last year overtook the U.S. as the world’s biggest trading nation, and Chinese firms are morphing themselves from manufacturers and exporters into major global investors, supported by the Chinese government. The author states that although certain Chinese deals should be examined with a discerning eye, overall, greater Chinese investment could boost growth and jobs in the U.S. and around the world.
By Michael Schuman in TIME.
To see the full article, go here: http://business.time.com/2014/01/16/wake-up-america-the-chinese-investors-are-coming/