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China criticizes US for restraint sale of German firm

  • December 05, 2016

President Barack Obama blocked a understanding by rejecting a inclusion of Aixtron’s US section in it.

The US Treasury Department pronounced a Committee on Foreign Investment in the United States had found that a risks acted by a purchase, that could put sensitive record with intensity troops applications in Chinese hands, were too great.

Chinese unfamiliar method orator Lu Kang pronounced a pierce to purchase Aixtron was quite market-driven.

“China opposes politicizing normal business poise or interfering in it in a domestic way,” he told a unchanging press briefing.

“We wish a US side can stop creation illogical accusations to Chinese companies and yield a satisfactory sourroundings and good conditions to Chinese investments.”

In a statement Friday the US Treasury pronounced publicly-traded Aixtron SE’s expertise in record that is pivotal to creation modernized compound semiconductors used for LED lighting, lasers and solar cells also has military applications.

Washington does not wish to see such record finish adult in a hands of the Chinese government-backed association that wants to buy Aixtron, Grand Chip Investment.

The Treasury pronounced Aixtron’s US business was an critical writer to that technology.

In late Oct a German supervision withdrew a initial capitulation for a €670 million ($714 million) takeover after Washington lifted security concerns.

Citing German comprehension sources, Handelsblatt daily reported that a US had voiced fears that China could use Aixtron record to accelerate its nuclear programme.

After receiving a information, a German economy method pronounced on October 24th that it would free a examination of a deal.

Article source: http://www.thelocal.de/20161205/china-criticizes-us-for-blocking-sale-of-german-firm

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