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Stephen R Heifetz

Make It Easier for China to Buy U.S. Businesses

U.S. President Barack Obama’s administration this week approved a significant business deal involving a Chinese company: the acquisition of Nexen Inc., a global energy company, by the China National Offshore Oil Corp.

In the last several months, the administration has approved Chinese purchases of a U.S. biotechnology company and a U.S. battery manufacturer. For those interested in free trade, prosperity and peace, this is good news.