Financial Times FT.com

Do not panic over foreign wealth

By Gideon Rachman

Published: April 28 2008 18:37 | Last updated: April 28 2008 18:37

Pinn illustration

It sounds like something from a political thriller by Michael Crichton. Arab sheikhs and Chinese communists amass billions of dollars. They wait for a moment of financial weakness in the US. Then they use their massive “sovereign wealth funds” to buy large stakes in strategic US firms. They secure places on the board. Then, at a crucial moment, they...

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