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Originally Posted by Cmicasa the Great XvX
First... am I missing something in your math?? How does 1% =18%
Second... The UAW does not own a percentage of GM.. the UAW's Retirement Fund does.
Third... SAIC is a Public company.. and GM could certainly buy into them, but they already have several Joint Ventures with them.GM has controlling interest or equal partnership in all of these ventures.
Personally I think people get way to worked up about the CHINESE. They are 1.3 Billion with only about 670,000 Households considered Millionaires.
By contrast the United States has 306 Million people.. with 4,715,000 Household Millionaires...
If we wanted to buy up all industry in America we certainly could.. Instead.. we support Foreign companies like they are American.
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Read my statement carefully...SAIC bought 18% of the stock offered in the IPO which equates to 1% ownership of all GM stock.
If you think any Chinese company is not ultimately controlled by the Chi-com government then I have a bridge in Brooklyn to sell you.
What does the relative number of American and Chinese wealthy people have to do with anything? If you're using those stats to minimize the economic strength of China, you're misguided and comparing apples to oranges. The Chi-com government controls the wealth in that country, the majority of it does not make it's way to the common Chinese citizen. As such, the chi-com government has used that wealth (earned on the backs of it's perpetually poor citizens) invested immensely in its military and is broadening it's international economic influence.