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U.S., Japan in Talks to Prevent China Acquiring Westinghouse

Submitted by jhartgen@abi.org on

The Trump administration and the Japanese government are in discussions to ensure that the bankruptcy of Toshiba Corp.’s U.S. unit Westinghouse Electric Co does not lead to U.S. technology secrets and infrastructure falling into Chinese hands, a U.S. official said yesterday, Reuters reported. Westinghouse filed for bankruptcy last month hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast. The bankruptcy is likely to lead to the eventual sale of Westinghouse's nuclear business and Chinese interests have been seen as possible buyers. "It's a real concern; they've wanted to get their hands on power grid and nuclear infrastructure for a long time," an official in the U.S. administration told Reuters as China's President Xi Jinping arrived in the United States on Thursday for a first summit with U.S. President Donald Trump. The official, who spoke on condition of anonymity, said that conversations were going on between the U.S. and Japanese governments "on ways to mitigate a potential sale."