Business Week did a story on "The China Price" late last year. They meant the prices Chinese companies compete at: "They are the three scariest words in U.S. industry. Cut your price at least 30% or lose your customers"
Now they come bidding high prices for acquisitions like IBM's PC division, Unocal and Maytag.
Congress is fretting about the national security implications of the latter, but as consumers and investors should we care? I would rather pressure Chinese politicians to open up their own consumer and capital markets. Let Chinese kids travel to Disneyland and let GE and others buy Chinese assets. Since many of them are owned by the PLA (People's Liberation Army) the latter can be somewhat complicated but they have been doing joint ventures with a number of western firms for a while now.
Marx must be turning in his grave...the communists have turned capitalist!