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U.S. unlikely to screen investments in China: ex-Trump official

Nazak Nikakhtar says Beijing now has 'no incentive' to alter trade practices

Chinese and U.S. flags at the 2021 China International Fair for Trade in Services in Beijing in September. U.S. tariffs appear to be inflicting "minimal" pain on China, Nazak Nikakhtar told Nikkei.   © Reuters

WASHINGTON -- The U.S. is not expected to screen outbound investments unless something dramatic forces its hand, a key Trump administration trade official told Nikkei, downplaying a proposal here aimed at preventing sensitive technologies from leaking to China.

"Outbound investment restrictions can be used to prevent, to a degree, technology transfers when export controls have not met the challenge," said Nazak Nikakhtar, who served as acting undersecretary of commerce for industry and security.

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