A RULING giving an affiliate of China’s Sany Group Co. the right to question U.S. President Barack Obama’s order to bar a planned Oregon wind farm may prompt the multiagency Committee on Foreign Investments in the United States to reform, a Sany director said Saturday.
The decision also provides a legal guarantee for foreign investments in the United States, especially for Chinese companies, said Xiang Wenbo, president of the Chinese company’s Shanghai-listed unit Sany Heavy Industry Co.
“The result means our choice is correct. We didn’t have motives to harm the U.S. national security,” Xiang said.
The U.S. Court of Appeals in Washington on July 15 ruled that Ralls Corp., a Delaware-based company controlled by Sany Group, must be allowed to challenge evidence Obama drew on to make the decision, opening a crack in the secret process used to weigh U.S. national security risks posed by foreign investors.
Ralls sued Obama and the multiagency Committee on Foreign Investments in the United States in 2012 for barring the wind farm project near an area, where the U.S. Navy base conducts training for bombing and electronic combat maneuvers, and develops drones, according to the base’s website.
Obama ordered Ralls to divest all of its interests in the wind farm project that consisted of locations near or within restricted Navy airspace. The decision marked the first overseas purchase blocked by a U.S. president on national security grounds in 22 years.
Sany wants to seek justice and deepen understanding between the United States and China, Xiang said.
Sany Group, China’s biggest construction equipment manufacturer, also makes wind turbines. (SD-Agencies)
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