MacDailyNews - Where Mac news comes first

 MacDailyNews Poll

Deal of the Day

5 Day Most Commented

Opinion Archive

Current Headlines

Latest Joy of Tech

  • Latest Joy of Tech!

MacNN

AppleInsider

Macworld UK

TUAW

MacRumors

Yahoo! Finance AAPL

iTunes Top 10 Albums

Mac OS X Downloads

Tue, Mar 16, 2010 - 03:17 PM EDT  —  AAPL: 224.14 (+0.30, +0.13%)  |  NASDAQ: 2372.94 (+10.73, +0.45%)

China prefers Apple over Google
Tuesday, February 09, 2010 - 11:53 AM EDT

"China snubbed Google but picked Apple when it decided to divert some of its $300 billion investment fund into U.S. stocks," Glenn Hall reports for TheStreet. "Anyone surprised? Could it possibly have anything to do with Google's threat to leave China over a dispute about censorship, hacking, etc?"

"We could get up in arms about China buying up America, but that's yesterday's news," Hall writes. "Why shouldn't the Chinese invest in the U.S.? Let's take it as a sign of respect that they like what they see here -- at least as far as investments go."

"So let's review what the Chinese government considers good investments in America," Hall reports. "There's Coca-Cola and Johnson & Johnson (two of Warren Buffett's favorites) and China also put some cash in big banks, including Morgan Stanley, Citigroup and Bank of America."

Full article here.

Andy Hoffman reports for Stockhouse, "The regulatory filing shows CIC [China Investment Corp.] controls 15,000 shares of BlackBerry maker Research In Motion Ltd. worth about $1-million. CIC also owns a $6.3-million stake in computer and hand-held device maker Apple Inc. [roughly 32,000 shares], and a $4.3-million interest in News Corp., publisher of The Wall Street Journal and owner of Fox News. The filing also revealed for the first time that CIC owns a $14.3-million interest in troubled U.S. insurer American International Group Inc."

Full article here.

Bookmark and Share

Always -- Free ground shipping with orders over $50 at the Apple Store.

Reader Feedback: = registered.
Unregistered users: Feedback from multiple usernames are subject to deletion. Off-topic and posts from suspected astroturfers will be removed.

Reader feedback page 1 of 1 pages:
Feb 09, 10 - 01:02 pm Comment from: Big Als MBP

They have to do something with all those American Dollars WalMart sends over there.

Feb 09, 10 - 01:05 pm Comment from: Hope&Change;

Our leaders don't care if China steals, cheats, and oppresses it's way to all the world's resources and power. Better learn Chinese and get ready for poverty.

Feb 09, 10 - 01:10 pm Comment from: KenC

Rubbish! CIC owns shares in private equity group, Blackstone, which owns shares in Apple. CIC does NOT directlly own Apple shares.

Feb 09, 10 - 01:18 pm Comment from: bon

@Big Als MBP

Better yet, they have to something with all the interest they're earning from their loans to the US government.

Feb 09, 10 - 01:18 pm Comment from: I Am Not A Crook

@Hope and Change
you can blame Nixon for getting the ball rolling on that one, George H W Bush for his pet project NAFTA (which Clinton signed into law under the delusion that it would foster future bi-partisanship) and "Dubya" for not nurturing or improving our relationship with China since it has already been established.

Feb 09, 10 - 01:27 pm Comment from: First 2010, Then 2012

@Hope&Change;Couldn't have said it better myself! It'd be great to see Obama actually standing up against the Chinese ..... but then Commies stick together, no?

It'd be nice if he stood up against Iran and stood up for Israel ..... but then Muslims stick together, no?

When it comes to American patriotism, this president says no.

When it comes to American security, this president says no.

When it comes to American capitalism, this president says no.

When it comes to us hard working, ordinary American citizens, we say no. NObama, I say, NObama!

Feb 09, 10 - 01:36 pm Comment from: Steven P.

Really great info, of course how you perceive the information is another point of view.

Feb 09, 10 - 01:37 pm Comment from: @First 2010

Sounds like the repetitive chanting of a beer hall putsch. Learn to speak from watching Fox News?

No idea where you get the idea that Obama isn't patriotic. Are you confusing patriotism with Bush's PATRIOT act?

And where do you get the idea about American security being said "no" too? If you mean starting foreign wars preemptively, Obama hasn't much changed Bush's policy, increasing the scope of the Afghan war.

Obama is super-procapitalist, bailing out the big banks and making deals with drug companies to scuttle any real healthcare reform. The far left hates Obama. (You would have no idea of this since all you read are your teaparty blogs.)

I'll agree with you that you are saying "no" to hardworking ordinary Americans, who have been suffering under Republican rule for the past 10 years while the superrich got tax cuts every year. Good luck restoring the Bush era!

Feb 09, 10 - 01:37 pm Comment from: GOP Loses 2010, Then Loses 2012

It's American big business and big capitalists who are in bed with China.

Feb 09, 10 - 01:41 pm Comment from: blah blah blah...

yes learn Cantonese and get a good job we are so indebted to china it's so sad to it. No news organization will say anything because china has their hand in every company.

Feb 09, 10 - 01:42 pm Comment from: acid

Face it, there's not much *new* tech to steal from Google. Apple, on the other hand, has secrets and innovates like nobody else.

Feb 09, 10 - 01:43 pm Comment from: acid

@blah - you mean Mandarin, don't you?

Feb 09, 10 - 01:48 pm Comment from: MacMental

I guess China and Apple have a lot in common

Feb 09, 10 - 01:55 pm Comment from: mac_kid

no good can come of this but thats globalization for you folks yay bring in those profits short term is so much attractive then long term until we actually have to deal with the problems we are in a hole try standing up to china and see what they do. and o yes us needs to stand up to isreal after all we went and carved a country out of someone elses land and expected them not to be mad was their no un inhabited island we could have mad theirs? but no war over sand continues... god jesus moses who ever will still love you no matter where you pray to them from wont they?

Feb 09, 10 - 02:15 pm Comment from: Corporate Money

And corporations can indirectly contribute as much as they want to political campaigns now...

Funny how Chinese aren't allowed to donate to political campaigns, but it's OK for them to own (shares in) companies that do.

Feb 09, 10 - 02:22 pm Comment from: Maul

Forget the partisan garbage- that's what parties want you to do, fight amongst ourselves and not get anything done. We have more in common then not. Sure we may bicker over details but leave it to the ones wanting us to misdirect our anger at the wrong places then where it matters. Government, big business, established monied interests all don't want us to get our act together and stop them from stealing us blind in a short sighted quick profit scheme that only benefits them. Wallmart does not look out for you, even that company is so deluded to think it's helping out the little guy while making it so any other company can't compete. When all the others go away and employment drops so far, who the hell will even still be buying their cheap crap? If I believed all these guys could actually organize something so vast and so huge to basically make only two classes of people, the top 1% who have everything and the rest of us, I would be scared. But it doesn't stop them from trying. We have to extremes in presidencies between Bush and Obama- the ones screaming about Obama now know what the other side felt about Bush and don't like it. But it's still a red herring- your fighting your own best interests by opposing everything. It's not to say what's being proposed is all good or bad, just that right now our government is at a standstill because partisan rhetoric is so extreme. I would believe the Republicans arguments of not being the party of "No" if what was proposed in a lot of cases something they tried doing during the Bush years to get through. And the Democrats are too busy re- arranging the deck chairs on a sinking ship rather then doing anything.

Face it, both parties SUCK. The only way out of the morass is to vote EVERYBODY OUT. Regardless of their merits. Like an operating system, sometimes you have to do a clean install to get rid of all the garbage. Give them all one relatively long term (depending on office) and out they go. No career politicians. Remove all corporate or business lobbies from a radius of Washington for about 100 miles in any direction. Make all senators and representatives have to attend 80 to 90% of all sessions. Make them have to list online all their votes and who gives them money.

Make them and all who SERVE US, accountable. They seem to forgot that they work for us, not the monied interests. Reagan's principals of a trickle down economy was a quick fix but never panned out, the point is once the rich get richer, they don't really hold up their end of the bargain by creating more jobs and letting the middle class in on it. Greed is not always good.

The strongest our country ever has and can be when the middle class is the primary holder of wealth in the country. Something those in power don't want. I am not Republican or Democrat. I don't vilify either party only those who can't get past party lines or talking points to see the way things as they really are. Sure even that line is blurred but never trust a party that serves it's own interests with serving yours.

End of rant. Where's the Tylenol?

Feb 09, 10 - 02:27 pm Comment from: Mark S.

Hell...anybody with an ounce of sense would want Apple over whatever.

Later, taters!

Feb 09, 10 - 02:47 pm Comment from: Giles

Proletarier aller Länder, vereinigt euch!
— Karl Marx

The big American, Chinese and European corporations walk hand-in-hand, don't be fooled by all the patriotic talk you hear on TV and elsewhere. In my opinion Mrs. Palin and Mr Obama (and most other head of states) are all but pawns in their wicked hands.

Feb 09, 10 - 03:22 pm Comment from: RicMac

People, people, people, are we forgetting ....?
We're computer nerds, not politicians.

Feb 09, 10 - 03:27 pm Comment from: Macromancer

First 2010, Then 2012 = Fox News lemming.

Feb 09, 10 - 03:36 pm Comment from: The Other Steve

32,000 shares, is that it?!?!?

Journalism 102 - Put "Apple" in your headline and you will get readers.

Feb 09, 10 - 03:43 pm Comment from: Derek Currie

OT: Danger! Political comment ahead.

"...and a $4.3-million interest in News Corp., publisher of The Wall Street Journal and owner of Fox News"

Hilarious. Watch the Neo-Con-Job Suckers selectively ignore that fact, just as they ignore the fact the their fave store, WalMart, is a key driving force in moving US manufacturing to Red China, as well as the fact that Red China owns over 40% of the trillions of Bush League generated federal debt. So are Neo-Con-Jobs actually commies? Or are they just stooopid?
tongue laugh
[Hey, if this MDN is determined to turn this site into a political spitting hole, I might as well enjoin in!]

Feb 09, 10 - 04:14 pm Comment from: Giles

@ Maul 1:22
@ Derek Currie 2:43

The extreme Right and the extreme Left have much in common and sometimes people go from one to the other. The common denominator is (misdirected) idealism. For instance, Paul Wolfowitz was once a trotskyist (you can check easily on the Net).

Feb 09, 10 - 04:18 pm Comment from: Giles

@ RicMac 2:22

You think technology is not political? You're right, we're not politicians, but "If you don't watch the politicians, the politicians will watch you".

Feb 09, 10 - 04:21 pm Comment from: Brulek

it's like 'security': you're coming to a sad realization, cancel or allow...except there is no cancel. Unfortunately US power is no longer what it was, particularly economically. Can't have cheap prices and high wages in manufacturing: consumers won't allow it. So when you stop creating wealth and merely become a nation that moves it around, then you have to expect those who do manufacture and generate wealth to start buying you up. Sad but true...Running an enormous trade deficit with China -> they're coming to buy you up like the japanese did in the late 80's...welcome to the real world!

Feb 09, 10 - 04:54 pm Comment from: Hope&Change;

@ I Am Not A Crook
Nixon didn't do wrong by opening dialogue with China. The other presidents, Bush senior & junior and Clinton, did do wrong by giving away the farm. I fault this current president because of his shameless lying during the campaign. The opponent didn't promise as much because delivering on so much would be impossible. I'm sure Obama's opponents figured the public would realize that Obama was promising so much to the point of absurdity. Unfortunately, the public bought it all. This president and all our leaders should somehow be held accountable to campaign promises. They should have a stake in our future, something precious
to lose if they don't deliver. Otherwise, more politicians will follow example and will win elections by promising a zillion, empty impossibilities.

Feb 09, 10 - 05:04 pm Comment from: Hope&Change;

Also, all leaders and their families should be barred from owning offshore accounts. If allowed such holdings, they should at least be forced to disclose their offshore accounts. We should be able to monitor these accounts before, during, and after their term in office.

Feb 09, 10 - 05:24 pm Comment from: Rot'nApple

@acid "@blah - you mean Mandarin, don't you?"

Oh, I love their oranges! tongue laugh

Feb 09, 10 - 05:56 pm Comment from: RePlay

Somebody teach mac_kid to use punctuation. I don't even bother to read posts that are one long run-on sentence. (Faulkner is bad enough smirk

Feb 09, 10 - 06:01 pm Comment from: Rot'nApple

@RicMac "People, people, people, are we forgetting ....?
We're computer nerds, not politicians."

No we are not politicians, but it's PASSION my friend. And it's FUN!

I am in no way going to convince someone on the left to see George Bush as a great President and Sarah Palin as a potentially great President. Now the other side would say she is inept, has to write things on her hand, she's unqualified, a quitter from her Governor's job, etc. But she would be perfect because we already have in Obama an inept, can't speak intelligently without a tele-prompter or apparently with a tele-prompter, Mr. Corpse-Man himself, Mr. vote present in the IL. senate, didn't even finish his first US Senate term and took all his 6 days experience, NONE of which was executive, ran on Hope and Change and all we got was Hoax and Blame from this "Jimmy Carter Stupid" individual! Not to mention this man child thin skin dweeb could not stand in Palin's shoes or pumps for one day... Talk about Fox News viewers as Lemmings , just Google 'Obama Corpseman' and 'Palin Hand' or his 657,000 results versus her 17,500,000!

Yeah there is real objectivity over there at CBS, NBC, ABC, PBS, CNN, MSNBC, NYT, LA TIMES, etc., etc!

So the other side currently has their inept person in office. If our side got our inept person, Palin, in office, then both of them being inept and unqualified, would leave it to just political philosophy. His Marxist "spread the wealth via government intervention" to her "government get out of the way to allow an individual's potential to gain wealth". Then we can see once and for all, who's political philosophy works!

Feb 09, 10 - 07:12 pm Comment from: Road Warrior nli

Hey First 2010, Then 2012, talk is cheap, action is where it is at.

When it comes to American patriotism, it's the patriot ACT.

When it comes to American security, it's bombs away... don't let not having bombs stop ya, use da plane boss da plane.

When it comes to American capitalism, bail out the banks, invade for oil

When it comes to hard working, ordinary American citizens, they buy what's on special... from China. Great deals

Feb 10, 10 - 04:45 am Comment from: Beeswax

What, you mean like the Japanese bought American companies in the 1980s?

http://www.thecovemovie.com

Feb 10, 10 - 03:38 pm Comment from: Uh...

What 'Maul' said.

---

Why is it that "God's" special pet can't figure out the balance of nature.

FFS, even industrialist Henry Ford believed in the middle-class. He, for his own self-interest, understood that if only 2% of the population could afford to buy his cars — then he would most certainly sell very few.

He helped society, help him. wink

Reader feedback page 1 of 1 pages:

Always -- Free ground shipping with orders over $50 at the Apple Store.

Add Your Feedback:

Register or Login

Name:

Email: (optional)

Emoticons | Allowed HTML Tags

Remember my info   Notify me of follow-up comments?

Please enter the "MDN Magic Word" you see in the image below: