From the Mercury News:
China’s role in the international economy took a big step forward this week when a plucky computer maker named Lenovo bought a majority stake in IBM’s personal computer business.
The $1.75 billion deal signified a bold attempt by a Chinese electronics company to control a global brand. It was also China’s first major private investment in the United States.
Until now, virtually all the capital has been going in the opposite direction, pumped into China’s booming economy. Total U.S. foreign direct investment in China’s manufacturing amounts to $12 billion, while China’s cumulative investment in the United States is $314 million — about the same as Liechtenstein’s. But the Lenovo deal may be the harbinger of more Chinese investment to come.
