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International relations

Australia tightens foreign investment rules after market tumble

Move seen as aiming at Chinese bargain hunters as coronavirus rattles stocks

China's Landbridge Group signed a 99-year lease for the strategically important Darwin Port in Australia's Northern Territory in 2015, sparking concerns about Chinese influence over national interests.   © Reuters

SYDNEY -- Australia is adopting an increasingly defensive posture toward Chinese investment after years of embracing massive and steady streams of capital from its largest trading partner.

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