Chinese company withdraws bid for Australian builder after Government flags security risk

Are there genuine security or national interest concerns? It’s a really important question to answer as it ensures that we’re not overly drawn into geopolitical tussles and that our economy isn’t unduly affected by some attempt to will political points. Of course whenever the media reports on these kinds of stories, the mere mention of ‘China’ or ‘the Chinese’ often triggers something in the Australian psyche…

#australia #china #government #builder #security #foreigninvestment #firb

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A $300 million offer by a Chinese company to buy an Australian builder is withdrawn on the back of advice that Treasurer Josh Frydenberg and the Foreign Investment Review Board will declare the transaction a risk to national security and contrary to Australia’s interest.