PhotoThe Trump administration is worried that Chinese investors might try to buy Westinghouse Electric, the troubled American nuclear power company that the Japanese conglomerate Toshiba has offered for sale. The Trump administration has not explained why it does not want China to own Westinghouse. The most direct involves the Committee on Foreign Investment in the United States, or Cfius, a government body that reviews acquisitions with possible national security implications. That means that Japan would most likely welcome moves by the Trump administration to block a Chinese bid. Advertisement Continue reading the main storyIn any case, since Westinghouse is based in the United States, Cfius has jurisdiction, regardless of what the Japanese might want.

Source: New York Times April 07, 2017 11:48 UTC