China faced most scrutiny in 2012 over investments in US
Published on Dec 20, 2013 9:33 AM
WASHINGTON (REUTERS) - Chinese companies faced the most scrutiny over their US acquisitions last year, eclipsing British firms for the first time, according to a report issued on Thursday.
Chinese corporations filed 23 notices with US regulators in 2012, up from 10 in 2011 and nearly quadruple the number in 2010, according to the Committee on Foreign Investment in the United States, or CFIUS.
This compared with 17 notices from companies from the United Kingdom last year, the report said.
CFIUS, an interagency group chaired by the Treasury Secretary, reviews transactions that would bring US businesses under foreign ownership for national security concerns.
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