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US plans limits on Chinese investment in American technology firms

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Reuters
ID: 
1529897374317597400
Mon, 2018-06-25 01:34

WASHINGTON: The US Treasury Department is crafting rules that would block firms with at least 25 percent Chinese ownership from buying US companies in “industrially significant” technologies, the Wall Street Journal reported on Sunday.
Citing people familiar with the matter, the newspaper said the US National Security Council and Commerce Department were also devising plans for “enhanced” export controls to keep such technologies from being shipped to China.

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