Hockey taking “close look” at FMG and China

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From Industry Minister Ian Macfarlane on China, Fortescue and FIRB:

Mr Macfarlane said conflicts of interest in any transaction would be dealt with by the Foreign Investment Review Board, and he expected Treasurer Joe Hockey will be taking “a close look” at any deal.

Any deal between China inc and FMG is a massive conflict of interest. Block it.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.