I think in this case, where you stand depends on where you sit. There will be winners and losers. It's hard to determine good or bad at a philosophical or globa

I think in this case, where you stand depends on where you sit. There will be winners and losers. It's hard to determine good or bad at a philosophical or global level, but I can see why locals could be concerned. Decisions, once under local control, will now be made in the interests of someone far away, with different culture and motives. Profits are less likely to be reinvested locally. In some ways, this kind of thing improves international relations. You're less likely to fight with a country you own a lot of businesses in, but make the decision just because China has a lot of money seems short sighted. It seems likely the cash will be short lived compared to the transfer of industry and property. The very concept of a common strategy is something that China will likely win on, since they have more centralized decision making.