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Thread: Is it protectionism?
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[quote=JIMMYB,272204]According to the source, China's Huawei Technologies has failed to invest 2.2 billion dollars in the American 3COM company together with his partner Bain Capital. It is said that this deal won't be approved by Washington committee that scrutinises foreign investments in sensitive sectors. The committee regards this deal as a threat to US national security. In 2005, CNOOC, China's third-largest oil company failed to bid for American oil group Unocal just for the same reason. At the same time, China has invoked national security to limit or ban foreign investments in Chinese companies. Many think that it is the growing protectionism in US financial sector. "The failure might compllicate talks between China and US on a bilateral investment treaty." FT report says. What do you think of this deal? Is it protectionism? [/quote]
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