Japan, US move to fend off China bids for Toshiba

Tokyo

ATTEMPTS by Japanese electrical giant Toshiba to escape from the giant financial hole into which it has plunged have run into major problems of international politics as Washington and Tokyo move to prevent China securing access to key nuclear power and electronics sector technologies.

Toshiba has come close to being sunk financially by huge losses at its Westinghouse nuclear power subsidiary in the United States, forcing it to seek international buyers for the ailing business. But the Trump administration in the US wants to block any possible Chinese bid for Toshiba.