The irony: as America executes "strategic pivot" to contain Chinese military, the US economy continues to open up to Chinese FDI
FT p. 1 story: "US opens up to Chinese takeovers with record figures for M&A deals."
Almost $8b of deals announced so far for this year. Biggest is Dalian Wanda buying my favorite movie theater chain from my college years - AMC Entertainment. Next is a Sinopec purchase of a stake in Devon Energy.
Best year of Chinese FDI to date is $8.9b, so 2012 likely to set new record.
Why this matters: the more China buys into the US economy, the harder it gets for Washington to treat it as the military "other," because stakeholders accumulate inside the US - in addition to all those who export to China. All these jobs add up.