Photo: ReutersWashington: US President Barack Obama appeared to block a Chinese company from buying Germany’s Aixtron SE, marking only the third time in more than a quarter century that the White House has rejected an overseas buyer as a national security risk. “The national security risk posed by the transaction relates, among other things, to the military applications of the overall technical body of knowledge and experience of Aixtron,” according to the statement. Meanwhile, Chinese foreign direct investment in America reached a record $15.3 billion in 2015, according to Rhodium Group. Security risksThis marks the second time Obama has blocked a deal on national security grounds. Bush stopped a Chinese acquisition of MAMCO Manufacturing Inc., an aircraft-parts maker.

Source: Mint December 03, 2016 16:23 UTC