China prefers Apple over Google

“China snubbed Google but picked Apple when it decided to divert some of its $300 billion investment fund into U.S. stocks,” Glenn Hall reports for TheStreet. “Anyone surprised? Could it possibly have anything to do with Google’s threat to leave China over a dispute about censorship, hacking, etc?”

“We could get up in arms about China buying up America, but that’s yesterday’s news,” Hall writes. “Why shouldn’t the Chinese invest in the U.S.? Let’s take it as a sign of respect that they like what they see here — at least as far as investments go.”

“So let’s review what the Chinese government considers good investments in America,” Hall reports. “There’s Coca-Cola and Johnson & Johnson (two of Warren Buffett’s favorites) and China also put some cash in big banks, including Morgan Stanley, Citigroup and Bank of America.”

Full article here.

Source: MacDailyNews