One Chase Plaza sold to a Chinese company.

[Graybeard]

JP Morgan Chase announced the sale of it's One Chase Manhattan Plaza building to the Chinese development firm Fosun International, Ltd.

http://ny.curbed.com/tags/chase-manhattan-plaza

NYers who work in the Financial District are familiar with the sleek, silvery tower and large, open Plaza of the building at Pine St. and William St. It has been the center of lunchtime cultural events such as dance troupe performances, concerts and the Big Apple Circus. Lately the closing of the Plaza resulted in a lawsuit by the neighborhood who use it for pedestrian traffic to and from transit hubs.

As part of the agreement the art installations on the Plaza will remain (the Noguchi Reflecting Pool and the massive Dubuffet Sculpture.)
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[CBGLuthier]

1. When Lloyds buys a company do we say it was sold to the British?

Seems to me that the building was sold to a Chinese company, not "The Chinese."

[Graybeard]

2. Thank you. You're right of course.

For my part I merely wanted the title to be concise but I see how it was offensive and I apologize.
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[fitman]

3. Exactly

I'm not concerned..The Chinese will flame out just like the Japanese did...I remember all the scare mongering about Japan owning us back in the 80's..I remember when the Japanese bought One Rockefellor Center

It's not like these Chinese co's can ship the real estate back to China..

China has serious problems bubbling below their surface-really extreme wealth division..they are going to pop and it's going to be bad..their people are mad to say the least