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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.”

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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