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Big trouble, little Australia as Frydenberg sticks it to China
Treasurer Josh Frydenberg has made a big call/gamble on our relationship with China that could create what might be tagged Big Trouble in Little Australia! And it looks like the combined force of the Coronavirus and Donald Trump might explain the hard-nosed attitude of the country’s number one number cruncher. The Treasurer has said no to China’s Mengniu Dairy Co. to a request to buy Lion Dairy & Drinks business for $600 million. Now those of us who fear China buying up everything that opens and shuts in the land of Oz should be told that there’s no land in this proposed deal and the dairy business is ... (full story)