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The growth of the eastern DRAGON is reflected in the purchase of American companies
China has acquired control of several key American companies in sectors such as food industry, technology, automotive, and real estate market. Some of the most notable acquisitions include:
- Smithfield Foods (food industry) for 4.7 billion dollars
- GE Appliances (appliances) for 5.4 billion dollars
- Motorola Mobility (technology) for 2.91 billion dollars
- Nexteer Automotive (automotive) by AVIC, a Chinese state corporation
- Waldorf Astoria (luxury hotel) by Anbang Insurance Group for nearly 2 billion dollars
These acquisitions reflect the growing Chinese influence in the American economy and have sparked debates about the implications of foreign ownership in strategic industries.