The President blocks Chinese-owned Ralls Corp. (subsidiary of Sany Group) from ownership of 4...

|By:, SA News Editor

The President blocks Chinese-owned Ralls Corp. (subsidiary of Sany Group) from ownership of 4 wind farms near a U.S. Navy base in Oregon, the first time in 2 decades such an action has been taken on national security grounds. An earlier committee ruling had also blocked the transaction, but - until the President's action - it was thought some sort of accommodation would be reached.