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US wrongly targets investment

China Daily | Updated: 2017-09-22 08:07

As a report by the US Treasury Department confirmed on Wednesday, a growing number of Chinese bids to acquire US companies have fallen prey to US government reviews on the grounds of national security concerns.

The bid by Chinese-backed private equity company Canyon Bridge to buy US chipmaker Lattice Semiconductor Corp was the latest to fall foul of such a claim, with the US president putting a stop to the deal despite the fact that Lattice has not had any business deals with the US military since 2012, according to Ray Bingham, a partner of Canyon Bridge.

The blocking of the deal has rightly aroused concerns about US protectionism and led some to say it is being "penny wise, but pound foolish".

US wrongly targets investment

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