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Tag: Cars

American Boondoggle Meets Chinese Methods – Wolf Richter- Testosterone Pit

Arnold Schwarzenegger, when he was Governor of California, used to go on begging missions to China; the state was running out of moolah, and he was trying to round up some investments (this year, it’s Gov. Jerry Brown’s turn). What they got was Shenzhen-based BYD, in which our favorite Uncle Warren Buffett, via Berkshire Hathaway, quickly took a 9.9% stake in 2009.

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