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U.S. Official Warns Israel About Chinese Investors Amid Crisis

  • Schenker says countries need to ‘be more cautious’ with China
  • EU nations, Canada also stepping up oversight of investments
David Schenker
David Schenker Photographer: Fayez Nureldine/AFP via Getty Images

A key U.S. official said Israel is among the countries that need better screening of foreign investment to guard against having their companies turn toward China during the economic downturn sparked by the coronavirus pandemic.

“One of the preliminary takeaways from this crisis is that we have to be more cautious in our dealings with China,” U.S. Assistant Secretary of State for Near Eastern Affairs David Schenker said in a phone interview. “There are firms out there that are desperate for capital and could become targets for predatory investment.”