The Turnbull government has thrown doubt over foreign investment in Australia after announcing it would again block the sale of Australia's largest private land holding to Chinese interests. It's a decision that many people in the community want to see - but we have to realise that there are costs to the economy But the ruling has left Chinese investors fuming and the sellers, S. Kidman & Co, scratching their heads over the process and the Treasurer's public comments. It has also inflamed tensions in the business community, who fear damage to Australia's sovereign risk from the inconsistency of government decision-making. "It does reflect...
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