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Protectionist sentiment rising in US: China after MoneyGram deal collapse

Ant Financial's plan to acquire MoneyGram collapsed last week after a US government panel rejected the deal over national security concerns

Reuters  |  Beijing 

China's commerce ministry said on Thursday protectionist sentiment is rising in the United States after Chinese company Ant Financial's plan to buy US money transfer firm MoneyGram International Inc collapsed. China is disappointed that the Ant Financial-MoneyGram deal was rejected on national security grounds, ministry spokesman Gao Feng said in a regular briefing. Ant Financial's plan to acquire MoneyGram collapsed last week after a US government panel rejected the deal over national security concerns, the most high-profile Chinese deal to be torpedoed during US ...

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First Published: Thu, January 11 2018. 12:21 IST
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