FOREIGN INVESTMENT: Australia’s sovereignty at stake*

Seismic flaws in the economy could cost Australia its sovereignty and leave the nation beholden to savings-rich nations like China, especially if such countries take a major stake in Australia’s industries. Patrick J. Byrne reports.Under China’s “Go Abroad” policy – aimed at securing access to important raw materials, advanced technology and brand names – Australia has suddenly become a major target for Chinese foreign investment.While total Chinese investment in Australia is still small compare…

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