Recent investment regulation decisions in Australia have raised eyebrows in China, including the blocking of two Chinese bidders for electricity distributor Ausgrid on national security grounds. And clarity will be sought on the issue of real estate investment, which in terms of Chinese interest in Australia hit $A6.85 billion in 2015. Turnbull faces political pressure from the Nationals and crossbench parties such as One Nation and Nick Xenophon Team to tighten foreign investment restrictions. Turnbull will find friends among the G20 leaders as they discuss new guiding principles for global investment policies which will free up cross-border investment. The Turnbull government appears to be warming to the idea of a "Malaysia solution", despite the coalition in opposition having rejected Labor's original proposal.

Source: Otago Daily Times August 23, 2016 02:48 UTC