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The government's new foreign investment laws is designed to address fears around China and the capacity for other countries to spy on Australians, according to Sky News Political Editor Andrew Clennell. On Friday Treasurer Josh Frydenberg announced a major shakeup of Australia’s foreign investment laws including “last resort” powers which will allow him to break up foreign investments in exceptional cases. Mr Clennell said the government has been considering this reform for over a year.
aclennell bias against China obviously...getting boring now Skynews...
aclennell Good!
aclennell Look who owns the most of our farmland, and it's the prime farmland!
aclennell China you say 🤔
aclennell China should not have any fear, China don’t exploit our recourses and not paying taxes. China is paying for our recourses but not to Australian people they are paying to American and English companies that own and exploit our recourses but not paying taxes
aclennell 🔵Me preparing to read this article. 🔵
aclennell
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Foreign investment changes 'all about China' | Sky News AustraliaWhile the federal government didn't mention China directly, the new changes to foreign investment laws are designed to curb Beijing's growing influence, according to The Australian's Paul Kelly.\n\nOn Friday Treasurer Josh Frydenberg announced a major shakeup of Australia’s foreign investment laws including “last resort” powers which will allow him to break up foreign investments in exceptional cases.\n\nMr Frydenberg said the reforms would impose strict penalties for failure to adhere to foreign investment rules.\n\nMr Kelly told Sky News the reforms are 'all about China'.\n\n'What we have seen is the transformation about the nature of foreign investment,' he said.\n\n'There was once a time when foreign investment was about economic returns, but as the prime minister and the treasurer made clear this week, foreign investment now has a strategic purpose.\n\n'What we have seen here is the striking of a new balance between a promotion of foreign investment on the one hand, and national security protection on the other.\n\nThis is the most significant change to the foreign investment rules since 1975.'\n\n Western countries have to be united to boycottChina as soon as possible. China wants to not only be a regional power but also overthrow the western values which are democracy and freedom. The West has to stop China now. Not before time!! If you do care about human rights, parts of Africa and North Korea would be good for fight. But democracy governments always need to imagine fake enemies to show electorate how tough they are. Even we will lost the biggest market and job positions, the show will not stop.
Source: SkyNewsAust - 🏆 7. / 78 Read more »