China buys up the world
And the world should stay open for business
IN THEORY, the ownership of a business in a capitalist economy is irrelevant. In practice, it is often controversial. From Japanese firms' wave of purchases in America in the 1980s and Vodafone's takeover of Germany's Mannesmann in 2000 to the more recent antics of private-equity firms, acquisitions have often prompted bouts of national angst.
This article appeared in the Leaders section of the print edition under the headline "China buys up the world"
From the November 13th 2010 edition
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