STOP China's INVASION_ Lawmakers urges U.S. Treasury to reject Aleris sale to China aluminum giant

REUTERS

BUSINESS NEWS | Sat Jun 10, 2017 | 1:55pm EDT

Lawmakers urges U.S. Treasury to reject Aleris sale to China aluminum giant



United States Secretary of the Treasury Steven Mnuchin speaks at a news conference on Parliament Hill in Ottawa June 9, 2017.REUTERS/Patrick Doyle


More than two dozen U.S. lawmakers have urged U.S. Treasury Secretary Steven Mnuchin to reject the proposed sale of U.S. aluminum products maker Aleris Corp (ALSD.PK) to China Zhongwang Holdings Ltd (1333.HK) to protect U.S. security interests.

In a June 9 letter to Mnuchin shared with Reuters, the 27 lawmakers said it would be a "strategic misstep" to allow the $2.33 billion sale to go ahead.

"It is critical that CFIUS (Committee on Foreign Investment in the United States) exercise extreme caution when a foreign investment transaction includes the transfer of military proficiencies and sensitive technology to China," the lawmakers wrote.

They added: "It would be a serious strategic misstep to permit a company like Zhongwang Holdings Ltd to take control of a U.S. aluminum firm like Aleris."

The lawmakers said Aleris was involved in the production and testing of specialized alloys used by the defense industry, and the company's research and technology were critical to U.S. economic and national security interests.

"Chinese entities, including state-owned or state-controlled enterprises, often maintain relationships with China's military, compounding the risk that U.S. technologies will fall into the wrong hands," they wrote.

READ MORE: https://www.reuters.com/article/usa-aleris-lawmakers-idUSL1N1J70D8

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The lawmakers said Aleris was involved in the production and testing of specialized alloys used by the defense industry, and the company's research and technology were critical to U.S. economic and national security interests.

"Chinese entities, including state-owned or state-controlled enterprises, often maintain relationships with China's military, compounding the risk that U.S. technologies will fall into the wrong hands," they wrote.

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NOT only US but also Australia and other countries .

What do YOU think?

Please DO NOT LISTEN to what communists SAY,
Let WATCH CAREFULLY what communists DO .

Riêng với người dân Việt Nam, bè lũ cẩu trệ chó má BÁN NƯỚC DIỆT CHỦNG việt cộng còn NGUY HIỂM TÀN ĐỘC hơn cả giặc tàu . Xin hãy nhớ nằm lòng .

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Kính chúc Sức Khỏe Quý Anh Chị .

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