Chinese Buying Up Australian Minerals Companies

Australia May Hold Inquiry Into Chinese Investments :

Australia’s Senate may hold an inquiry as early as next week to scrutinize investments by Chinese state-owned companies after Aluminum Corp. of China’s bid for a stake in Rio Tinto Group.

“This is an economic question about giving another government a stake in Australian resources, our biggest wealth generator,” Opposition Nationals Senator Barnaby Joyce said in a phone interview from St. George in Queensland state. “This is not being parochial about foreign investment, it is about the ownership of Australian resources being handed to another government.”

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