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​China says Australia shows 'protectionist tendencies' in blocking Ausgrid deal

( August 17, 2016, 08:34 GMT | Official Statement) -- MLex Summary: Australia’s rejection of the sale of a 99-year lease of 50.4 percent of Ausgrid to China’s state-owned State Grid Corp and Hong Kong-based Cheung Kong Infrastructure showed obvious protectionist tendencies, Shen Danyang, spokesman for China’s Ministry of Commerce, said today at a press briefing. Shen said the move will have a severe impact on the enthusiasm of Chinese investors, and that the Chinese government is very concerned about the issue. Australia has repeatedly said it welcomes investment by Chinese companies, but has contradicted these statements by twice in the same year blocking Chinese investments, Shen added.An extract of the transcript of the press conference follows:...

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