Trump has signed an executive order barring transactions with eight Chinese apps including Alipay and WeChat Pay to protect America's national security
Biden said his team is not getting "all the information that we need from the outgoing administration in key national security areas." "It's nothing short, in my view, of irresponsibility," he added
Insurance mergers and acquisitions rarely raise red flags with US national security watchdogs. China's Fosun International took that history to heart last year when it paid $1.84 billion for the remaining 80 per cent stake of US property and casualty insurer Ironshore Inc that it did not already own.But in December 2015, one month after Fosun completed the acquisition, it was approached by officials at the Committee on Foreign Investment in the United States (CFIUS), a government panel that scrutinises deals over national security concerns, according to people familiar with the matter who asked not to be identified because these details are not public. CFIUS was concerned about how Fosun would operate Ironshore's Wright & Co, a provider of professional liability coverage to US government employees such as law enforcement personnel and national security officials, including the Central Intelligence Agency, according to these sources.Fosun, Ironshore and CFIUS all declined to comment