Xenophobia Not Behind China Power Bid Rejection, Australia Says

Updated on
  • Australia has barred State Grid, CKI from buying Ausgrid
  • Decision driven by ‘witches brew’ of nationalism: ex-minister

Why Did Australia Block Foreign Bids for Ausgrid?

Australian Treasurer Scott Morrison rejected claims that xenophobia drove his decision to block the more than A$10 billion ($7.7 billion) sale of state-owned power network Ausgrid to Chinese bidders, insisting he acted on grounds of national security.

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