Trump Backs Softer Restrictions on Chinese Investment


WASHINGTON — The Trump administration has backed off a plan to impose aggressive new restrictions on Chinese investment in the United States, opting instead to support a congressional effort that would expand the types of foreign deals that are subject to review.

President Trump said Wednesday that he supported a bipartisan push in Congress to broaden the authority of a government body that reviews foreign investments for security threats. The legislation would give the United States power to squelch a wider variety of investments from China, including minority stakes in American firms, joint ventures, and real estate transactions near military bases or other national security facilities…

Trump Backs Softer Restrictions on Chinese Investment

Categories : Private Equity

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