News Snapshot:
twitter icon It was revealed this week that the Liberal-National Coalition government cited “national security” concerns to reject a $300 million takeover of building contractor Probuild by one of China’s largest construction companies, the state-owned China State Construction Engineering. The Australian Financial Review reported that the Probuild decision was just the tip of the iceberg. “The government has been privately rejecting other Chinese engineering, procurement and construction (EPC) contractors from local infrastructure and energy projects,” it declared. Josh Frydenberg, Treasurer of Australia [Credit: Wikimedia Commons] In effect, Chinese investment is now being banned across most of the economy. In the...
