TELETRADER News
5/19/2019, 11:44 PM (Source: TeleTrader)
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Schumer wants review of China's investment in NYC

United States Senate Minority Leader Chuck Schumer told the Associated Press he wants federal authorities to look into plans for CRRC Sifang America, a Chinese company, to invest $50 million into train cars in New York City.

Schumer said he is asking the Commerce Department to do a "top-to-bottom review" as officials complained that giving such a job to a Chinese state-owned firm could endanger the transportation system in the US and make it a target for sabotage, cyberespionage and cyberattacks.

CRRC already worked on projects in other American cities, including Chicago and Los Angeles.

Breaking the News / VP