Australia blocks sale of Ireland-sized chunk of land to private Chinese company
The Australian government on Friday blocked once and for all a bid that would have seen a chunk of its land the size of Ireland — or more than 1 percent of the country's total landmass — sold to a private Chinese company.
Foreign ownership of agricultural land is a touchy subject in Australia and New Zealand. Some have voiced concerns that Chinese companies may give Chinese vendors preferential pricing, and public animus arose in Auckland, New Zealand's biggest city, after media leaked reports that buyers with Chinese surnames accounted for half the purchases of homes there worth more than $1 million (in New Zealand dollars).
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https://www.washingtonpost.com/news...zed-chunk-of-land-to-private-chinese-company/
The Australian government on Friday blocked once and for all a bid that would have seen a chunk of its land the size of Ireland — or more than 1 percent of the country's total landmass — sold to a private Chinese company.
Foreign ownership of agricultural land is a touchy subject in Australia and New Zealand. Some have voiced concerns that Chinese companies may give Chinese vendors preferential pricing, and public animus arose in Auckland, New Zealand's biggest city, after media leaked reports that buyers with Chinese surnames accounted for half the purchases of homes there worth more than $1 million (in New Zealand dollars).
more
https://www.washingtonpost.com/news...zed-chunk-of-land-to-private-chinese-company/