Thursday, 20 Aug 2020 04:11 PM MYT
Treasurer Josh Frydenberg has gone against the advice of the Foreign Investment Review Board which was in favour of approving the A$600 million deal, the newspaper said. The law does not mention any specific country of origin. China Mengniu’s approach, however, came against a backdrop of increasing Sino-Australia tension after Canberra called for an international inquiry into the origins of the novel coronavirus, which was first reported in China at the end of last year.
A spokesman for Kirin said, “We have heard nothing is decided, so we cannot comment based on speculation.” A spokesman for China Mengniu declined to comment. Perrett’s office today said a reply from the assistant treasurer was received in July saying Australia’s need for investment would be balanced with upholding the national interest.
On Tuesday, China’s commerce ministry announced an anti-dumping probe into imports of Australian wine.
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