World Moving Towards An Owned-By-China Era
Kerry Brown & Peter Wood | May 11, 2009
China's £2 trillion of foreign currency reserves could help fix the financial crisis. ++ China is already the sixth largest outward investor. ++ "The era of Made in China is drawing to a close, the era of Owned by China is starting and we had better be ready for a rapid transition." ++ Some countries are concerned Chinese investments could be used to seek political ends, but the "west needs to overcome its doubts and recognise that a more welcoming approach will bring
not only immediate economic gain, but also longer-term strategic benefits."
