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Chinese company's Aixtron deal blocked

The Foreign Ministry expressed displeasure on Monday after US President Barack Obama blocked a Chinese investment fund from acquiring the US business of German semiconductor equipment maker Aixtron on the pretex of national security concerns. Foreign Ministry spokesman Lu Kang said the government had always supported Chinese firms investing overseas on the basis of market principles, international rules and respecting local laws. The Aixtron deal is purely a commercial matter, he said.