JERUSALEM (AP) — Israel, facing U.S. concerns over its growing ties with China, has decided to form a committee to review the "national security aspects" of foreign investments.

Prime Minister Benjamin Netanyahu's Security Cabinet approved the new oversight body Wednesday. The panel, led by the Finance Ministry, is to include a number of security agencies.

"The processes that were agreed upon will find the appropriate balance between the need to encourage foreign investments in Israel and ensure continued economic prosperity, and considerations of national security," a statement said.

The stat...