Mnuchin seeks greater scrutiny of Chinese investments in US
Both sides are redefining their business relationship as Washington aims to reduce its trade deficit
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Washington
THE US Treasury Department wants to include China among a proposed group of hostile nations whose companies would undergo extra scrutiny for national security risks if they seek to buy stakes in American corporations, according to an administration official.
Russian, Iranian and North Korean firms would also be subject to more extensive review by a panel called the Committee on Foreign Investments in the United States (CFIUS) if they seek to merge, acquire or participate in joint ventures with American companies, said the official, who requested anonymity because the proposal isn't final.
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