Issue 2009 March 07
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ECONOMIC AFFAIRS: China’s spending spree: our sovereignty at risk
China’s state-owned corporation Chinalco’s attempt to take a major stake in mining giant Rio Tinto signals a massive escalation of Beijing’s buy-up of mineral, energy and real-estate assets around the world, particularly in Australia.It is imperative that the Rudd Government tighten the foreign investment rules to defend Australia’s economic sovereignty, argues Patrick J. Byrne.Last October, News Weekly and the National Civic Council published…
