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​Comment: Tough foreign-investment rules put Australia on collision course with Chinese interests

By James Panichi ( March 23, 2018, 07:18 GMT | Comment) -- Australia has long courted foreign investment, arguing that it creates jobs, spurs economic growth and raises the country’s standards of living. But since 2013, Canberra has progressively tightened its rules on foreign investment, with a raft of new restrictions and ad-hoc executive decisions homing in on concerns over foreign acquisitions of key infrastructure. Now, new legislation is weaving its way through parliament that will formalize the tough new measures — measures that critics say are aimed squarely at China.When in 2015 a Chinese company won a bid for a 99-year lease to operate the port of Darwin, in Australia’s strategically important territory dubbed the Top End, the news was met with euphoria by local politicians....

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