China National Tire & Rubber Company to purchase Pirelli

[Apex Motorsports]

China does own as much of our debt as many politicians like to make it sound like. They own roughly 7% as does Japan. The real scary thing is that the biggest holder of US debt by far is.............................................the US government.

[hotlap]

Originally Posted by Apex Motorsports

China does own as much of our debt as many politicians like to make it sound like. They own roughly 7% as does Japan. The real scary thing is that the biggest holder of US debt by far is.............................................the US government.

I.e. Social Security IOU.

[Denis]

[mpiersd]

Originally Posted by Denis

http://www.autoblog.com/2015/03/23/c...lli-7-billion/



Not sure how you guys feel about this. IMO I hope this doesn't go through.

At this point in world Economics, all this would really change is what country the Net Profits go to.
Too much who owns who, who is a subsidiary of who and who is partnered with who. In all honesty if you wanted to spend the time to trace all of these companies and corporations you'd probably find they are all ultimately owned by the same few dozen people or families anyway.
I'm tired of sweating this stuff.

[BMR Sales]

I don't like it even though it's just for a 26% Share of the Company. China may say they will the operations alone, but how many times have we heard that before with other companies?

[Aequitas & Veritas]

If the company stays the same it does not bother me. When companies sell to bigger companies and that company changes everything the name stood for and when that sometimes is for the worst that's when I don't like it.

[Indydriver]

Originally Posted by derklug

At least the Chinese will have somewhere to put their toxic wastes other than baby bottles and children's toys.

And dog food, and plywood and flooring...

[BaylorCamaro]

Originally Posted by Dizzy82

Not a fan of the Pirellis, so no skin off my nose.

Agreed, not a big fan of Pirelli, except for the Trofeos.

Originally Posted by shibbs

Why not? They could probably buy half of the US if they'd demand to cash out America's debt to them.

As of October 2014 China held $1.252 trillion in U.S. Treasury securities but that amount is less than 10% of total debt held by the public which is nearly $13 trillion. Japan holds $1.222 trillion.