Australia Worried China Buying Up Resou…

Australia's foreign investment regulator privately acknowledged to US officials in 2009 that it is targeting investment from China in response to political concern about the control of Australia's strategic resources. Contrary to Australia's claims that it supports a non-discriminatory foreign investment policy, the latest round of WikiLeaks releases indicate the secretive Foreign Investment Review Board told US diplomats that new foreign investment guidelines approved by Treasurer Wayne Swan signaled "a stricter policy aimed squarely at China's growing influence in Australia's resources sector."

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