You were looking for:
Clinton Criticizing Closure of Indiana Factory That Bill Clinton Helped Close
Continue to the storyBack in 1995, a Chinese consortium, which included two Chinese state-owned companies, made a bid to take over Magnequench. Because the company makes key parts for smart bombs, the takeover had to be approved by the Clinton administration's Committee on Foreign Investments in the United States. Despite the national security and economic problems with selling off such critical manufacturing capacity to the Chinese - and despite the knowledge that such a deal would likely end in a domestic mass layoff - the Clinton administration approved the deal.