No nat'l security concerns in China's stake in US firm - report - Breaking The News

No nat'l security concerns in China's stake in US firm - report

1 March

1 min read

EPA-EFE/MARK SCHIEFELBEIN / POOL

There are "no unresolved national security concerns" regarding a Chinese firm's investment in a United States-based airplane manufacturer, the Committee on Foreign Investment in the US (CFIUS) has ruled, according to The Wall Street Journal's report released on Tuesday.

A company from Shanghai, allegedly linked to the Chinese government, had obtained a nearly 47% stake in Icon Aircraft Inc.

Icon Aircraft's American investors had sought the investigation after accusing the Chinese company of moving technology that could end up in the hands of the military of the People's Republic.

us-china relations cfius aviation

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