6.9 C
London
Sunday, December 8, 2024

Australian Govt Falls Out with Big Business Re China

Must read

Graham Perry
Graham Perry
Experienced Arbitration Lawyer | China & Chinese Business Affairs | Public Speaker/Lecturer.

Back to China and Australia

Australia has blocked an A$300m takeover offer by China State Construction Engineering Company for Probuild, a local building contractor following the introduction of tough new foreign investment rules (FIRB) on 1 January 2021 which give Canberra greater powers to review proposed investments on national security grounds.

Prof Hendrischke at University of Sydney Business School says Canberra’s decision follows Washington’s decision to list links to “Communist China military companies”.

China investment in Australia has fallen due to ban on Huawei involvement in 5G and calls for an inquiry into the Covid-19 outbreak in Wuhan.

Australia’s hard line mirrors the harder Trump/Pompeo policy but contrasts with EU’s more modest approach and the recent EU-China investment treaty.

Australian business is worried by its government’s actions and fears further sanctions. Diplomats and Business with quite different agendas.

- Get Involved- spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- I would love to here your thoughts on this! -spot_img

Latest article