China Companies Target Brand Names ; Expansion in U.S. Spurs Concern

Summary

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Chinese companies, which already own the companies that make IBM personal computers and RCA televisions, are trying to add more familiar brands to their arsenal, as seen in offers this week to buy Maytag Corp. and energy company Unocal Corp.

The Chinese government has been urging China's largest companies to be more aggressive in their overseas acquisitions. China is transitioning to capitalism, and government leaders are betting it will be easier for companies to become global corporations if they focus on purchasing well-known brand names instead of trying to build them from scratch.

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China Companies Target Brand Names ; Expansion in U.S. Spurs Concern

But analysts said China's expansion in the United States could trigger the kind of political and public backlash not seen since the 1980s, when the Japanese began gobbling up A...

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