13 iconic American companies now under Chinese ownership
The phenomenon of globalization has led to a significant shift in the ownership of key American companies. While many still view certain businesses as distinctly American, the reality is that in recent years, several of them have been acquired by Chinese companies. These acquisitions have not only reshaped the global economic landscape but have also raised questions about who truly controls these industries.
Beyond brands: a strategic presence in key sectors
When considering these acquisitions, it becomes clear that Chinese companies have made substantial investments in crucial sectors such as food, technology, real estate, automotive, and aviation. For example, in 2013, the largest U.S. meat producer, Smithfield Foods, was bought by WH Group for 4.7 billion dollars, including American farmland. Similarly, Haier Group acquired GE Appliances for 5.4 billion dollars in 2016, positioning itself in the American market.
Technology and appliances: under new flags
In the technology sector, Lenovo acquired Motorola Mobility in 2014, gaining access to American innovation. The automotive industry also saw a change in ownership, with Chinese companies acquiring companies like Nexteer Automotive and Henniges Automotive. Additionally, real estate icons like the Waldorf Astoria in New York have been purchased by Chinese investors, raising concerns about foreign ownership of national symbols.
Aviation: a less visible but strategic gateway
Less publicized but equally important are the acquisitions of American aviation companies by Chinese corporations. These investments provide China with access to critical markets like general aviation, previously difficult to penetrate.
Economic exchange or loss of sovereignty?
While some view these acquisitions as a natural consequence of globalization, others worry about the potential risks of handing over control of strategic sectors to foreign entities. The increasing presence of Chinese companies in key American industries raises concerns about global economic balance, national security, and the role of foreign investments in the modern era. As a result, what may seem like a product “made in the USA” could now be under the control of a different flag, highlighting the complex interplay between globalization and national sovereignty.
