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China, Signaling Thaw With U.S. Over Trade, Approves Toshiba Microchip Deal

In a prelude to an easing of trade tensions between Washington and Beijing, Chinese officials ended a monthslong delay by approving Toshiba’s sale of a majority stake in its lucrative microchip unit to an American-led group.A lack of approval by Chinese regulators had held up the deal in what was widely seen as a signal from Beijing about how it might punish American businesses if the Trump administration acted on threats to impose tariffs on $150 billion in Chinese-made goods.In a statement on Thursday, Toshiba said it had received “all required antitrust approvals” for the deal with a consortium led by the United States investment firm Bain…

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