Construction Bids
Welcome, sign in or click here to subscribe.
DJC Subscriptions
Resource Center
DJC Services
Business
Subscriber content preview
February 10, 2010
Chinese spent $10B on U.S. firms in 2009
By JOE McDONALD
AP Business Writer
AP Business Writer
BEIJING — China's giant sovereign wealth fund revealed it has accumulated stakes totaling $9.6 billion in major U.S. companies including Coca-Cola, Apple and Goodyear following a buying spree last year.
Most of the stakes are small, reflecting China Investment Corp.'s strategy of avoiding politically sensitive acquisitions. But they highlight its growing presence in global markets as it invests a portion of Beijing's $2.4 trillion in foreign reserves.
. . .
To read this story in full login or purchase a subscription.