"♪We [Own] the World...♪"

Not too long ago, China was a big and backward country, exhibit A of the failure of communism, socialism or Maoism, its particular brand of "ism." But, then, while the rest of the world was gloating over the triumph of capitalism and the West in the Cold War, China emerged out of nowhere as an unstoppable economic superpower. Now, China is beating capitalists at their own game. It holds a sizable portion of the U.S. debt, is a major investor in Africa and South America, and has tripled its investment in Europe. In essence, it's buying the rest of the world. Since, the world's economies are in shambles, there is very little that they can do to stop the Chinese from taking over.

So, if the West was right about Communist China wanting to take over the world, it is doing so the old -fashioned way: with mergers and acquisitions.

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