Remember when people worried that an Asian country would buy everything in the American economy that wasn’t nailed down? Well, those complaints are coming back, except that the nation doing the buying is China, not Japan.
With the China National Offshore Oil Corporation’s $18.5 billion unsolicited bid for Unocal last week, Washington bigwigs and corner-office executives are making their wrinkle lines worse fretting that the Chinese may buy another slice of America.