Posted on 03/07/2018 1:16:23 AM PST by cba123
WASHINGTON — As the United States and China look to protect their national security needs and economic interests, the fight between the two financial superpowers is increasingly focused on a single area: technology.
(excerpt, please see the full article at the link)
(Excerpt) Read more at nytimes.com ...
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"Cfius has stymied several deals in the past year.
MoneyGram, the money transfer company, and Ant Financial, the Chinese electronics payment company, called off their merger in January, citing regulatory concerns of Cfius. If the deal had gone through, Ant Financial would have had access to reams of financial data, which could have created security problems. Ant Financial has said that consumer data would have stayed in the United States."
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