NATIONAL AFFAIRS: Limit foreign ownership of key industries: NCC*

Following the attempted move by the Chinese Government-owned corporation Chinalco to take a large share in the mining company Rio Tinto, the National Civic Council (NCC) has called for the federal parliament to restrict foreign ownership of strategic Australian industries.Although the Chinalco investment did not proceed, the issue remains very pressing, with Chinese Government-owned companies seeking a controlling interest in several other Australian companies.NCC national vice-president Patrick…

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