CANBERRA, Australia — Citing national interest, the Australian government on Friday blocked a Chinese-led consortium from buying the nation's largest private land holding, a collection of Outback cattle ranches bigger than South Korea. Treasurer Scott Morrison said he was concerned that the land owned by a pioneering dynasty is more than 1 percent of Australia's total land area and 2 percent of agricultural land. He also worried that the land holding was so big that it was difficult for Australian bidders to compete. The refusal to...
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