The Hotel del Coronado near San Diego. It’s takeover by China’s Anbang Insurance has been blocked by the US authorities on security grounds, and analysts expect more instances of planned Chinese investments in the US falling under regulatory scrutiny. Photo: Reuters
As Anbang’s hotel takeover gets blocked, expect more government interventions as Chinese firms continue to snap up US assets
A deal to buy California hotel, near a major naval base, from Blackstone called off following opposition from US national-security officials
The Hotel del Coronado near San Diego. It’s takeover by China’s Anbang Insurance has been blocked by the US authorities on security grounds, and analysts expect more instances of planned Chinese investments in the US falling under regulatory scrutiny. Photo: Reuters