A group of US senators has urged US Treasury Secretary Jack Lew to review and reject China Zhongwang's plan to take over aluminium rolled products manufacturer Aleris on national security grounds. They argue that Aleris' high-strength alloys manufacturing technology enabled by advanced modelling techniques and its design of light armour material with enhanced ballistic performance are critical to long-term US economic and national security interests. "Chinese entities, including state-owned or state-controlled enterprises, may have relationships with China's military, compounding the risk that US technologies will fall into the wrong hands," they wrote in a letter to Lew, reported by Bloomberg.
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