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Australia: Gov likely to block China’s bid for gas pipeline

By  |  November 7, 2018

Australia will likely block a bid of more than US$9 billion from Hong Kong giant CK Group for the country’s biggest gas pipeline company, saying it would be against its “national interest.”

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    The preliminary decision by Treasurer Josh Frydenberg is the latest in a series of rejections by Canberra over foreign purchases of Australian infrastructure and land as leaders grow increasingly concerned about Beijing’s influence.

    It comes at a sensitive time, with Foreign Minister Marise Payne currently in China for meetings with her counterpart Wang Yi—the first visit of its kind in almost three years.

    Full Content: WRal
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