Reuters exclusively reports Goldman’s China-backed fund bucks trade tensions to buy U.S. firm

Reuters exclusively reported Goldman Sachs Group Inc invested money from China’s sovereign wealth fund in a California-based industrial company and is looking for more U.S. deals, amid increased scrutiny from Washington that all but stopped U.S.-China deals last year. Chinese efforts to invest in U.S. companies have been tripped up over the past year by Washington’s concerns the Chinese were gaining control of sensitive technology or companies that played key roles in the economy.