Australia Blocks Bids for Ausgrid, Triggering Warning From ChinaBy
Treasurer says sale in current form against national interest
China’s State Grid, CKI sought to buy electricity network
Australia upheld its decision to block foreign bidders from buying a majority stake in state-owned power network Ausgrid for more than A$10 billion ($7.6 billion), triggering a warning from China that the move will hurt bilateral ties.
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