FOREIGN INVESTMENT: Stronger rules needed on foreign investment*

The Government is finding its foreign investment rules inadequate, given the sudden big jump in foreign investment from China. Patrick J. Byrne reports.While Australia is struggling to find a policy to handle foreign sovereign wealth fund (SWF) investments from countries like China, Germany has acted decisively to restrict SWF investment in local companies.Sovereign wealth funds are government-owned investment companies from countries such as Russia, Singapore, China and the Gulf …

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