China-U.S. M&A: It’s a one-way street

While politicians, courts and the media scrutinize every detail in the fight over immigration, another, less-discussed migration is underway: the migration of ownership of American businesses overseas — many to cash-rich China. In recent years, the Chinese have regarded America as one big yard sale, snatching up distressed companies and anything else that gives the world’s second-largest economy a leg up on U.S. technology at bargain-basement prices.