Question

Chinese companies, Ifrom oil refiner Sinopec to appliance giant Haier, have invested or plan to invest or acquire oil fields in Iraq, New Zealand's appliance maker Fisher & Paykel and Argentina's oil company YPE. Is China, Inc. trying to "buy the world?"

Answer 1

China is considered as one of the world’s most popular country that is located in East Asia. It is also known as the world’s most populated country with a population 1.439 billion. The capital city of the country is Beijing.

The county is best known for its expansion in various business sectors in all parts of the world. It has the huge innovative technology skilled people who are good at discovering various products. There are so many innovative products that supply to different parts of the country.

The country basically depends upon its own manufacture and development. It has huge R&D departments that discovers a wide variety of products that export to most of the countries in the world. Right from small needle to nuclear all parts are manufactured and supply to the world. It has the strong steady economy and growth mission and objective leading China to setup its business in different parts of the world.

The technology development and implementation is high in the country. The best example of that are Haier, Alibaba Group, Huawei, MI and Lenovo etc.

China has huge investments in most of the countries is only because of the reform and interested to do international trade. As it has a huge population, it is trying to develop strong relationship with various parts of the world for more and more opportunities of trading.

It is investing in various parts of the country only to increase its relationships with other countries and trying to develop its economy as it’s a highest populated country and trying to grab the business opportunities in all sectors.

The country is open to investment by multinational companies and also interested to invest in oil industry. It’s a misconception that has made that China is buying the world. It’s just trying to avoid that misconception by developing good relationship with various countries through investment and manufacture high technology and branded goods for the middle classes. The products become very famous because of the lower cost and fulfilment of middle class needs.

The final conclusion is that it’s just a misperception that is created especially by politicians and business leaders for personal advantage.