It's an extremely reasonable, ideal way to deal with China's one-way economic behavior.<p>They don't allow foreign corporations to buy up their domestic companies. They place foreign companies at an intentionally severe disadvantage. You can hardly operate in the country at all without selling a big part of your operations to a domestic entity (or otherwise being the minority partner). Every developed nation is beginning to approach China similarly on this issue. It'll keep getting worse for China on this issue until they begin dismantling their extreme protectionism.
I feel like I am going full dumb dumb here, but: how is this actually bad?<p>I read: "US government prevents Chines company from owning yet another piece of our ass" <i>excuse the french</i><p>Not trying to troll, really interested in what the downsides are.
> Back in September, a private equity group was blocked from purchasing Lattice Semiconductor due to potential security risks. Prior to the Trump administration, just three deals had been blocked over the past 27 years.<p>Does anyone know how many acquisitions (and not deals) like these happen during last 27 years?<p>I tried searching and found this article from Obama's administration:<p><a href="https://qz.com/863997/chinas-decades-long-acquisition-spree-in-the-us-could-soon-come-to-an-end/" rel="nofollow">https://qz.com/863997/chinas-decades-long-acquisition-spree-...</a><p>Most of it talks about acquiring stakes but not outright acquisition. But the interesting parts is here<p>> In a document, the US Government Accountability office specifically <i>singled out the rise of Chinese companies with state ties as worthy of more scrutiny</i>, noting that some acquisitions might ultimately be bad for competition.<p>> Meanwhile, in November, President Obama played a direct role in blocking China’s Fujian Grand Chip from purchasing the German semiconductor firm Aixtron.
Here's a recent primer on Ant Financial's relationship with social status ranking and government relations --<p><a href="https://www.wired.com/story/age-of-social-credit/" rel="nofollow">https://www.wired.com/story/age-of-social-credit/</a>
Economic war it is, plainly and simple.<p>Just like UK was ripping of India with trade in fabrics, so does China now with the rest of the world. And so did USA with countless countries in the past, now they are just surprised how unexpectedly fast they ended up on the other end of the barrel.