Sale of Michigan company to China may haunt Clinton

Sale of Michigan company to China may haunt Clinton

Despite expressing her concerns on the campaign trail now, national Republican party officials are questioning why Hillary Rodham Clinton did not intervene in the controversial 2013 sale of high-tech battery plants in Michigan to a Chinese firm when she was secretary of state and could have done so.

At a campaign stop in New Hampshire last month, Clinton, the leading Democratic candidate for president, decried the sale of A123 Systems — built with millions in government aid — along with those of other new energy firms, to Chinese investors, calling them “unfortunate” and a “serious” problem for high-tech industries in the U.S.

“That does concern me, because a lot of foreign companies, particularly Chinese companies … are looking to buy American companies,” she said in response to an entrepreneur who mentioned A123’s sale while commenting that venture capital for new energy technology has largely fled overseas.

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