Investment

After the US Committee on Foreign Investment refused to give national security clearance to a $2m acquisition of patents from 3 Leaf, a US company, by Huawei, a MOFCOM spokesman said, "We hope the US security examination laws and regulations can treat a Chinese company fairly, regardless of whether it is publicly traded, state-owned or private, and can carry out a transparent, predictable review.” Later, Huawei, which had often been suspected to have close links with the Chinese military or government. dropped its application to acquire the patents.