This reminds me of the time when the Japanese were buying everything in the USA.
How did that work out for them?
Chicago Stock Exchange Being Sold to Chinese...
In a semi related November story:
Chinese Cash Floods U.S. Real Estate Market
Chinese families are looking for a safe place to invest their renminbi. From rural Texas to Silicon Valley, American real estate is an increasingly popular destination for their cash.
"It's 15 to 20% of our buyer pool."
A luxury development 35 miles northwest of Dallas is the latest frontier in a global buying phenomenon as Chinese money becomes a major force in real estate around the world. The flood of money is likely to persist despite the current tumult in China. While a currency devaluation and stock market crash have crimped the country’s buying power overseas, the resulting uncertainty is making many Chinese individuals and companies eager to invest anywhere except their home country.
In London, Chinese investors are purchasing high-end apartments in wealthy neighborhoods and big skyscrapers in the financial district. In Canada, they are paying $1 million for modest Vancouver bungalows. In Australia, a Chinese sovereign wealth fund bought nine office towers, one of the biggest real estate transactions in that nation’s history.