China says protectionist sentiment rising in U.S. as deals fall apart
China said on Thursday protectionist sentiment is rising in the United States and criticised Washington for blocking a high-profile Chinese takeover of a U.S. financial firm on security grounds. Ant Financial’s planned $1.2 billion purchase of transfer firm MoneyGram International Inc collapsed last week after a U.S. government panel rejected the deal over national security concerns. It was the most high-profile Chinese deal to be torpedoed since Donald Trump was elected U.S. president a year ago on promises to put America first and protect U.S. jobs from foreign competitors.
