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On February 28, Cirrus Industries, Inc. of Duluth, Minnesota announced that Cirrus had agreed to be acquired by China Aviation Industry General Aircraft Company, Ltd. (CAIGA) of Zhuhai, China
As widely reported, 50 members of the U.S. Congressional Steel Caucus sent a letter to Secretary of the Treasury Geithner on July 2 asking the Committee on Foreign Investment in the United States (CFIUS) to “thoroughly investigate” a Chinese investment in a Mississippi steel project on grounds that it would permit the Chinese government to exploit the American market through a U.S.-based business and possibly threaten national security
