China urged Washington on Monday to stop disrupting its foreign corporate acquisitions after President Barack Obama blocked the purchase of a German maker of semiconductor manufacturing equipment as a security risk. The government said Aixtron's technology has "military applications." Many Europeans welcome the influx of money but China faces criticism from business leaders that they are blocked from making similar acquisitions in its state-dominated economy. In 2012, Obama blocked Chinese-owned Ralls Corp. from building a wind farm near a naval base in Oregon. In 1990, then-President George Bush blocked the purchase of MAMCO Manufacturing Inc., a maker of aircraft parts, by a Chinese state-owned company.

Source: ABC News December 05, 2016 10:05 UTC