CHINA TOPIX

12/22/2024 05:51:24 pm

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Australia Blocks China From Majority Stake in Sale of Power Grid Due to National Security Risks

Australia Blocks China From Majority Stake Ownership in Power Grid due to National Security Concerns

Citing national security concerns, the Australian government has moved to block two Chinese companies' bid to become controlling stakeholders in Ausgrid, Canberra's largest electricity distribution network.

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