PhotoHONG KONG — United States officials have torpedoed a Chinese state-backed group’s plan to buy an American electronics company, signaling the Trump administration’s continuing skepticism toward Chinese investment deals, particularly those that involve transferring technological know-how. The deal would ultimately have been financed by the China Integrated Circuit Industry Investment Fund, a $21 billion fund that counts several Chinese state-run companies as investors. Advertisement Continue reading the main storyIt was the latest in a string of Chinese acquisitions scotched by Washington officials. Under President Obama, regulators showed increased skepticism about Chinese deals involving technology companies. That trend has continued under President Trump, who has taken a tough line on China’s trade and investment practices.

Source: New York Times February 23, 2018 09:22 UTC