AUTOREFRESH 
China putting reserves to work the old fashioned way
By Jamie Coleman || June 2, 2009 at 16:42 GMT
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They’re buying stuff…In the 80s, the Japanese bought up real-estate like Rockefeller Center and Pebble Beach. In the 90s, the European snapped up telecom companies. Today, the Chinese are buying industrial companies, or pieces of them. The latest example if the politically-incorrect Hummer brand being sold by GM. A Chinese heavy equipment maker will buy the brand and build SUVs here in the US.
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