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Shady Chinese Aquisitions

The New York Times reports that the most recent Chines acquisition of a high tech German firm raises some red flags.

"HONG KONG — After a customer canceled a large order at the last minute, shares in Aixtron, a German high-tech company, sank fast. Months later, with the stock still reeling, a Chinese investor agreed to buy the company.

If only it were as simple as smart deal-making.

Financial filings and public statements indicate a web of relationships among the customer, the buyer and the Chinese state. The links highlight the blurred lines between increasingly acquisitive Chinese companies and Beijing’s long-term industrial policy."

In the article the authors detail how a well timed order cancellation by a Chinese firm left Aixtron, a company that makes machines for the semiconductor industry, vulnerable to an unsolicited buyout by another Chinese firm. 
The Chinese are taking advantage of the German's relaxed trade agreements to manipulate the market and gain a technological edge through acquisition. These types of shady maneuvers undermine the free trade myth. China is indicting that they will exploit the the open global markets for financial gain.

Add this one to the many other reasons why I oppose "free trade". 




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