With Chinese acquisitions hike, US tightens scrutiny on overseas investments

With Chinese acquisitions hike, US tightens scrutiny on overseas investments

Illuminated commercial buildings are seen from the observation deck of the Oriental Pearl Tower at night in the Lujiazui Financial District in Shanghai, China, on Friday, Oct. 13, 2017. Photographer: Qilai Shen/Bloomberg via Getty Images

Lawmakers in Washington, spurred by Chinese acquisitions of American firms, are moving to broaden the government’s authority to scrutinize overseas investment in the U.S. with bi-partisan legislation set to be proposed in the coming days, according to people familiar with the matter.

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