Angry China bleats as Frydenberg knocks back another takeover

Via The Australian:

China has accused Australia of “weaponising the concept of ­national security’’ after a $300 million bid by a Chinese state-owned company to buy a ­construction company was scuppered by Josh Frydenberg.

China State Construction ­Engineering Corporation pulled its nearly $300m bid for the ­Australian-based but South ­African-owned Probuild after the Treasurer indicated before Christmas that the acquisition would be turned down on national interest grounds.

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