Asia Unhedged | Officials, wary of Chinese, racing to find US bidder for Westinghouse
The Vogtle nuclear plant being built by Westinghouse, a unit of Toshiba, near Waynesboro, Georgia, U.S. is seen in an aerial photo taken February 2017.  Georgia Power/Handout via Reuters
The Vogtle nuclear plant being built by Westinghouse, a unit of Toshiba, near Waynesboro, Georgia, U.S. is seen in an aerial photo taken February 2017. Georgia Power/Handout via Reuters
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Officials, wary of Chinese, racing to find US bidder for Westinghouse

US cabinet members have discussed preventing Chinese companies from buying the troubled business

April 5, 2017 7:56 PM (UTC+8)

Westinghouse, which filed for bankruptcy last week, is seeking a buyer for its nuclear reactor business, something Chinese entities have been interested in for years.

The possibility that the firm, which has previously been the target of Chinese espionage, could be purchased by a Chinese-linked firm, is setting off alarm bells in the Trump administration.

Members of Trump’s team, including Treasury Secretary Steven Mnuchin and Energy Secretary Rick Perry have reportedly discussed preventing the firm’s purchase by a Chinese firm, reports Bloomberg.

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