Beijing accuses Australia of politicizing business as Chinese bid for major builder is blocked for ‘security concerns’

China's Foreign

China’s Foreign Ministry on Tuesday told Canberra it was a mistake to politicize commercial cooperation after Australia’s treasurer blocked a takeover bid for one of the largest builders from a Chinese company.

Treasurer Josh Frydenberg rejected a takeover bid launched by China State Construction Engineering Corp last year for a major stake in Probuild, the Australian subsidiary of a South African parent company Wilson Bayly Holmes-Ovcon (WBHO).

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