China Takes Over 2 Japanese Electric Appliance Giants for TPP Benefits


Overseas takeover

Overseas takeover

Two recent Chinese takeovers of Japanese electric appliance giants have raised concerns: Midea Group’s 3.1 billion yuan (USD479 million) takeover of 80.1% of Japanese electronic giant Toshiba Corp’s white goods business and Foxconn Technology Group CEO Terry Gou’s USD3.5 billion takeover of 61% of Japanese electronic giant Sharp.

China will obtain the two giants’ patents, brands and other intellectual properties, but more importantly their market shares and sales channels in the world. As a result, Obama’s TPP may not set barriers to the export of the two Chinese buyers’ goods into TPP members.

Source: mil.eastday.com “US miscalculation: Obama helps China make big overseas purchases” (summary by Chan Kai Yee based on the report in Chinese)

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3 Comments on “China Takes Over 2 Japanese Electric Appliance Giants for TPP Benefits”

  1. Incredible points. Great arguments. Keep up the
    great effort.

    Like

  2. Joseph says:

    Just like other Western laws and regulations, TPP is full of loopholes. Loopholes are supposed to be exploited by Western lawyers to cheat on their own benefits, giving non-Western law-unproficient party serious disadvantages. However, the Chinese has found ways to discover and exploit these loopholes as well. In a sense, the Chinese beats the Westerners in their own game. That’s why this century does not belong to only China, but to people who think like Chinese.

    Like

  3. Steve says:

    Good Move China

    Like


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