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U.S. blocking Chinese acquisitions of global tech firms a "red flag" - Chinese state-backed tabloid ...Middle East
Chinese state-backed tabloid the Global Times called U.S. efforts to block cross-border acquisitions of tech companies a "red flag" that impedes China's tech sector and disrupts the growth of the global tech sector. The outlet, which is published by the People's Daily, China's official newspaper for the ruling Communist Party, argued a recent attempt to block a Chinese purchase of a Korean chip company "represents a dangerous precedent for the industry as a whole."
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