At the Economist’s View, Mark Thoma looks at the increasingly bombastic rhetoric over CNOOC’s bid for Unocal. Piquing his interest is this quote from a Washington Post item:

… the quest for Unocal and other foreign companies is being construed by some as a sign of diversification.  "We invest too much in U.S. federal bonds, and they don’t make us much money," said Pan Rui, a professor at the Center for American Studies at Fudan University in Shanghai. "Now we’re learning to invest more wisely, to try to invest in American companies and industries."