Daniel Andrews was two years into his premiership of Victoria when Chinese sovereign wealth group, the China Investment Corporation, paid $1.2 billion for a stake in the Port of Melbourne via an investment in a fund.
The highly lucrative deal in 2016 alerted Andrews to the riches of the Chinese economy.
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Primrose Riordan covers private companies and family offices from the AFR’s Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com