Watch Out For China Buying Spree, NATO Warns [Forbes]
CHINA MOBILE (CHL)
US:NYSE Investor Relations:
chinamobileltd.com/en/ir/reports.php
Company Research
Source: Forbes
A container ship in the German city of Hamburg on March 26, 2020. China has major stakes in at least... [+]a half dozen EU ports. NATO warns: make sure China doesn't use pandemic to buy more strategic assets. (Photo by MORRIS MAC MATZEN / AFP)AFP via Getty ImagesWatch out for Chinese companies swooping in with buckets of cash to buy strategic stakes, or majority control in U.S. and European companies as asset prices fall due to the pandemic.NATO sounded the alarm this week, though without naming names.“The geopolitical effects of the pandemic could be significant,” said NATO Secretary-General Jens Stoltenberg in web conference of defense ministers on Wednesday. “Some allies (are) more vulnerable for situations where critical infrastructure can be sold out,” he said. Of course he meant China. China has beenbusy buying Greek ports.It already pretty much runs Italian textiles. It’s a wonder Italy even makes an espresso machine anymore.China Overseas Shipping Company, aka COSCO, owns 90%
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