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China accuses Australia of breaching free-trade pact by blocking $14b of business deals

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China's Foreign Ministry has accused Australia of breaching its free-trade agreement with China by blocking up to $14 billion worth of investment | ErykBagshaw

China's Foreign Ministry has accused Australia of breaching its free-trade agreement with China by blocking up to $14 billion worth of investment.

The Lion Dairy & Drinks plant in Morwell. Australia blocked a sale of the business to Chinese interests. The Foreign Investment Review Board [FIRB] did not recommend blocking either deal, leaving the Australian government vulnerable to China's claims of political interference.

 

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China accuses Australia of breaching free-trade pact by blocking $14b of business deals'In fact, it is the Australian side that has been politicising economic, investment and technological issues, and discriminating against Chinese companies. It has gone so far down the wrong path,' a spokesman for China's Foreign Ministry said.
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