Australia Government Blocks Farm Sale To Chinese Consortium

Australia Government Blocks Farm Sale To Chinese Consortium The Australian government has informed a Chinese-led consortium that its bid to buy the country’s largest private land holding is contrary to the national interest. Australian treasurer Scott Morrison said the refusal to sell to the Chinese-based 'Dakang Australia Holdings' and Australian-listed company 'Australian Rural Capital' is only a preliminary decision and Dakang has until Tuesday to respond. The Canberra government on Friday blocked Dakang from buying the land holding, a collection of outback cattle ranches bigger than South Korea. The price tag is 371 million Australian dollars. There are security concerns around foreigners owning grazing or mining leases within the world's largest rocket range and at least two Chinese miners have been prevented from operating there.