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China Is the Top Foreign Investor in U.S. Firms Critical to National Security
From: InfoSec News <alerts () infosecnews org>
Date: Tue, 31 Dec 2013 10:08:06 +0000 (UTC)
By Tim Fernholz
December 23, 2013
China overtook the United Kingdom last year as the country that received
the most scrutiny of its US investments, according to the US government.
The Committee on Foreign Investment in the US (CFIUS) is charged with
reviewing mergers, acquisitions, and other transactions where a foreign
entity might take control of a US firm that makes “critical technology,”
provides services to the government or military, accesses classified
information, or might otherwise provide malicious actors with some way to
hurt the US.
Since 2010, CFIUS has reviewed 318 proposed transactions, most of which
were in the manufacturing sector; 40 were withdrawn after reviews began.
President Obama only weighed in on one decision, terminating a transaction
where a Chinese-controlled corporation could build a wind farm near a US
naval weapons research facility. The increase in attention to China likely
reflects growing investment, not a pattern of targeting sensitive
businesses, the declassified report suggests. But it is notable that among
the top ten economies investing in firms covered by CFIUS, China is the
only one that is not explicitly a US ally.
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- China Is the Top Foreign Investor in U.S. Firms Critical to National Security InfoSec News (Dec 31)