CHINESE FIRM SUES US GOVERNMENT
A Chinese-owned windmill firm in the US has filed a law suit against President Barack Obama for blocking a wind farm deal the administration says is as a result of national security grounds.
Ralls Corp, a private firm, acquired four wind farm projects near a US naval facility in Oregon earlier this year. However, President Obama signed the order blocking the deal last week. The lawsuit alleges the US government overstepped its authority. This is the first foreign investment project to be blocked in the US for 22 years.