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Australian treasurer won't say if he was stopping China sale

By ROD McGUIRKJanuary 13, 2021 GMT
CANBERRA, Australia (AP) Australia’s treasurer on Wednesday declined to comment on whether he had intended to block a Chinese state-owned company’s takeover of an Australian-based construction company in a development likely to increase strain on bilateral relations.
China State Construction Engineering Corp., one of the world’s biggest construction companies, had planned to buy South African-owned and Sydney-based Probuild for 300 million Australian dollars ($233 million).
But Probuild’s owner, Wilson Bayly Holmes, told the Johannesburg Stock Exchange this week that the Chinese suitor had withdrawn its offer because Australian Treasurer Josh Frydenberg would have blocked the sale. ....

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Big projects abroad progress on SOE push--China Economic Net

Reliable supply chains of Chinese firms and strong preventive moves boost recovery
China s centrally administered State-owned enterprises have either completed or made breakthroughs in a number of big-ticket projects in overseas markets in the fourth quarter of this year, thanks to their reliable supply chains and partner countries better-than-expected performance in containing the COVID-19 pandemic and boosting the local economy, according to the country s State-asset regulator.
Supported by China s early recovery from the pandemic, central SOEs have become a vital force in many countries fight against the pandemic.
SOEs have helped them to restore their growth power by adding investment in both the infrastructure and services sectors, said Ren Hongbin, vice-chairman of the State-owned Assets Supervision and Administration Commission of the State Council. ....

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Big projects abroad progress on SOE push

Big projects abroad progress on SOE push
By ZHONG NAN |
China Daily |
Updated: 2020-12-11 09:07
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A worker observes construction at a harbor in Colombo, Sri Lanka, commissioned by China Harbour Engineering Co Ltd on Dec 1. [Photo/XINHUA]
Reliable supply chains of Chinese firms and strong preventive moves boost recovery
China s centrally administered State-owned enterprises have either completed or made breakthroughs in a number of big-ticket projects in overseas markets in the fourth quarter of this year, thanks to their reliable supply chains and partner countries better-than-expected performance in containing the COVID-19 pandemic and boosting the local economy, according to the country s State-asset regulator. ....

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