Economics
China’s $15 Billion Energy Ambitions Crushed Within Two Weeks
- U.K., Australia pull plugs on longstanding investment plans
- Chinese buyers target infrastructure amid record deal spree
Why Did Australia Block Foreign Bids for Ausgrid?
This article is for subscribers only.
China’s infrastructure investors have had a tough two weeks, with plugs being pulled on at least $15 billion of potential deals in nuclear power and electricity distribution.
Britain and Australia refused to sign off on investments where state-owned Chinese companies were ready to provide much-needed funding. In both cases, the long-term utility programs were halted in the later stages, stunning participants. Those in the U.K. were all set to join a signing ceremony when the announcement came.