China warns of rising US protectionism after failed acquisition deal

commerce ministry said on Thursday protectionist sentiment is rising in the . after Chinese company plan to buy U.S. money transfer company collapsed.

China is disappointed that the was rejected on national security grounds, ministry spokesman Gao Feng said in a regular briefing.

Ant Financial‘s plan to acquire Moneygram collapsed last week after a U.S. government panel rejected it over national security concerns, the most high-profile Chinese deal to be torpedoed under the administration of President .