BY ASIA TIMES STAFF
Crackdown on under-the-table transactions expected to improve transparency
James Pethokoukis | The Week
Last week, the Trump administration blocked a $1.2 billion purchase of Moneygram by Ant Financial, an electronic payments firm controlled by Chinese internet tycoon Jack Ma. The deal failed to get approval from an interagency panel that reviews the potential national security impact of foreign investment. That action could set off a troubling trend. America, as the world’s leading market economy, should continue to set an example of the sort of economic openness that supports global growth.