Business
China-Australia economic war unlikely despite confliction – Global Times
As China’s investment in Australia reaches a historical low, Canberra reportedly intends to block Chinese dairy firm Mengniu’s acquisition plan to buyout an Aussie diary brand, with an offer of A$600 million ($431million), from Japan’s Kirin Holdings.
Illustration: Chen Xia/GT
As China’s investment in Australia reaches a historical low, Canberra reportedly intends to block Chinese dairy firm Mengniu’s acquisition plan to buyout an Aussie diary brand, with an offer of A$600 million ($431million), from Japan’s Kirin Holdings.Although the Foreign Investment Review Board and Treasury have endorsed the deal, Aussie Treasurer Josh Frydenberg, who has the final say, had no plans to agree to the sale, a decision that involved “diplomatic issues,” lo…
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