, Columnists
Deep Doubts About China's Buyers
Anbang's bid for Starwood failed, but not all Chinese buyers will come away empty-handed.
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"Deep doubts, deep wisdom; small doubts, little wisdom."
So goes the Chinese proverb, and investors who followed this advice when sizing up China's Anbang Insurance were vindicated when it suddenly bowed out of the bidding for Starwood Hotels on Thursday.