China could buy up strategic US assets devalued by coronavirus pandemic, senators warn Steven Mnuchin

Seven US senators have urged Treasury Secretary Steven Mnuchin to limit Chinese companies from taking advantage of stock prices depressed by the coronavirus pandemic to buy strategic US assets.In the letter, sent on Wednesday by a group led by Republican Senator Marco Rubio of Florida, the lawmakers said they took the action after receiving “disturbing” reports that “government-backed Chinese companies are reportedly approaching banks to identify and facilitate the purchase of American and…

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