Foreign companies 'buying into Chinese firms amid Sino-US rift'

This undated file photo shows signboards of Chinese and foreign banks, companies and other financial institutions in the Lujiazui financial district in Pudong, Shanghai.

WASHINGTON (Xinhua): More foreign firms have been snapping up Chinese companies despite tensions between the United States and China, including deals in the more sensitive industries of finance and technology, CNBC reported on Monday (June 22).

"Most of that activity has been driven by American and European firms taking advantage of looser foreign ownership limits or betting on Chinese consumer demand," the report reads.