Editor’s note: This article shows that even if a private Chinese company buys a US company, the enterprise is subject to being bought by or influenced by the government in Beijing. BEIJING—Chinese authorities confirmed the transfer of nearly full ownership of troubled Anbang Insurance Group Co. to a government-controlled fund, effectively transforming a once boldly entrepreneurial firm…
Editor’s note: Steel tariffs are causing a South Carolina steel plant to reopen with $5B planned investment and 125-300 new workers. British industrialist Sanjeev Gupta’s GFG Industrials on Monday reopened a shuttered South Carolina steel plant in a move that will allow his U.K.-based firm to circumvent the Trump administration’s 25% tariffs on steel imports.…
Editors note: China’s MO is to deny it is trying to acquire power until the power is required. HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes. [ Maria Abi-Habib | June 25, 2018 | NY Times]…
