UK’s takeover of British Steel ‘should make us think’ about Chinese ownership in Australia
Strategic Analysis Australia Director Michael Shoebridge says the UK’s take over of Chinese owned company British Steel “should make us think” about Chinese ownership of electricity and gas distribution in Australia.
“This is a real shocking wakeup call about the consequences about having Chinese ownership and control of critical industries and infrastructure,” Mr Shoebridge said.
“This case with British Steel is a Chinese company whether acting for its own commercial or government driven purposes, out of Beijing, ending Britain’s ability to make any kind of steel, and turning it instead into a complete dependency on China.
“That exertion of control over critical infrastructure, should make us think about the Chinese ownership of electricity and gas distribution in Australia, and of course ports like Darwin Port.”
