Chinese companies top list for US security reviews

The Committee of Foreign Investment in the United States (CFIUS) reviewed 23 transactions proposed by Chinese companies in 2012, making China for the first time the most scrutinized by the US security committee, South China Morning Post reported, citing a report from US law firm Kaye Scholer. Britain, traditionally top of the list, followed with 17 reviews. Between 2009 and 2011, British firms accounted for 26% of notices filed with the committee, while Chinese investors made up 7%. CFIUS is a government committee that vets proposed foreign acquisitions of US companies to determine their impact on US national security.