Australia blocks power grid sale to Chinese investors

‘The Australian government has blocked the purchase of a controlling stake in the country’s largest electricity distribution network that was sought by Chinese and Hong Kong firms.
The investment proposals from China’s bidders “were contrary to the national interest,” according to the Australian Treasurer Scott Morrison.
“Ausgrid’s footprint includes critical power and communication services that Ausgrid provides,” said the treasurer.’
Read more: Australia blocks power grid sale to Chinese investors