ABSTRACT
Lenovo bought IBM’s PC division, Geely bought Volvo, Tata Motors bought Jaguar and Land Rover, Mittal bought Corus and other steel industries, Brazilian companies bought Burger King and Anheuser Busch (brewer of the all-American Budweiser beer; in 2004 Belgian Interbrew merged with Brazilian AmBev and created the world’s largest brewer, InBev), Qatar Holdings bought Harrods, Qatar and Dubai investment companies bought 48 percent of the London Stock Exchange, emerging economies’ sovereign wealth funds made major investments in Western financial houses. In the luxury market, Asian fashion houses bought Western companies such as S C Fang in Hong Kong that bought Pringle of Scotland. China acquired a 69 percent share in the Greek port Piraeus. ChemChina bought Pirelli and seeks to buy the Swiss firm Syngenta. A Chinese company seeks to buy the German semiconductor company Aixtron.
