Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Speculations rise that Chinese investment rejection was political pawn

Article image for Speculations rise that Chinese investment rejection was political pawn

Labor backbencher Joel Fitzgibbon has slammed Treasurer Josh Frydenberg for not approving a $300 million take over of Probuild by China’s largest construction company. 

Mr Fitzgibbon told Luke Grant he fears the move may have been the federal government taking advantage of concerns of many Australians.

“Let’s face it Luke, many Australians are concerned about growing Chinese investment.

“Scott Morrison and his team, I fear, are going to capitalise on that.”

The proposal was withdrawn on the back of advice that Mr Frydenberg and the Foreign Investment Review Board would declare the transaction a risk to national security.

“This idea that Probuild … is going to be used by the Chinese government to do harm in Australia is just a ridiculous one,” said Mr Fitzgibbon. “It doesn’t stand up to scrutiny and commonsense.”

“We desperately need foreign inflows of capital.”

Press PLAY below to hear more

Image: Nine & Getty 

Luke Grant
Advertisement