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World Service,5 mins

Why Did Australia Block China's Bid For Ausgrid?

World Business Report

Available for over a year

Australia is in global terms China's neighbour and they're firm trading partners. But it seems that partnership has limits. Australia's finance minister has blocked a bid by the State Grid Corporation to get a 50.4% controlling stake in Ausgrid. The deal was worth a reported $7.5 billion. We talk to Hans Hendrishke, Professor of Chinese Business and Management at the University of Sydney. Photo Credit: Jeremy Piper/Bloomberg via Getty Images.

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