Australia is to tighten rules on foreign investment in electricity infrastructure and agricultural land, amid concerns about growing Chinese influence in business, politics and society.
The decision coincided with the release of Australian electoral returns that show companies owned by businesspeople with links to China donated hundreds of thousands of dollars to political parties ahead of the 2016 federal election.
“All future applications for the sale of electricity transmission and distribution assets, and some generation assets, will attract ownership restrictions or conditions for foreign buyers,” Scott Morrison, Australia’s treasurer, said on Thursday.
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