China firm sues Obama over blocked US wind farm deal

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Wednesday 3rd of October 2012 07:27:59 AM

China firm sues Obama over blocked US wind farm deal
(BBC) - A Chinese-owned firm in the US is suing President Barack Obama after he blocked a wind farm deal on national security grounds.

Ralls Corp, a private firm, acquired four wind farm projects near a US naval facility in Oregon earlier this year.

Mr Obama signed the order blocking the deal last week. The lawsuit alleges the US government overstepped its authority.

It is the first foreign investment to be blocked in the US for 22 years.

The block on the wind farms comes just weeks ahead of November's US presidential election.

China's state-run news agency Xinhua said "China-bashing" in order "to woo some blue-collar voters" was the reason for the decision.

Mr Obama has been criticised by the Republican nominee, Mitt Romney, for not taking a tough enough line with China over trade and investment practices.

Indeed, Mr Romney has said he will label China as a "currency manipulator" if he is elected... Source/Origin >> Read More

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