Some good news.  Mitt Romney's Bain Capital was working with the Chinese government owned firm Huawei to buy technology company 3com.  To take it private.

The Committee on Foreign Investment in the United States (CFIUS), an agency within the U.S. Treasury Department, apparently was going to block the deal. And the parties dropped it. 

Bain, 3Com and Huawei had voluntarily given joint notice to the security panel, which is led by the Treasury secretary, in connection with the proposed deal.

3Com, which sells security technology as well as network equipment, had planned to sell a stake of up to 21.5 percent to Huawei, which would not have had control of 3Com or access to critical American technology under the deal’s terms. ...

Huawei maintains that it is a private company owned by employees, but its founder, Ren Zhengfei, was a former soldier in the People’s Liberation Army.

Everything is not always as it is seems in China, or in the U.S. corporate world.  They don't tell the truth.  Remember Bear Stearns CEO?

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