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Frydenberg defends rejecting investment deals from ‘a different China’
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Treasurer Josh Frydenberg is rejecting Chinese investment deals he would have approved in previous years because Australia is dealing with “a different China” under President Xi Jinping.
Mr Frydenberg said his approach to foreign investment had changed to reflect the federal government’s stronger stand on the national interest, in the wake of China’s more assertive position on foreign policy.
Treasurer Josh Frydenberg
Credit:Alex Ellinghausen
He made the comments after a Chinese foreign ministry spokesman warned of damage to Australia because it was a “cat’s paw” for another country, making it clear restrictions on trade were linked to Chinese foreign policy objectives.
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