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China bid for Bellamy's faces Canberra hurdle

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A China-government-backed $1.5 billion takeover offer for infant formula group Bellamy's Australia is facing regulatory and political scrutiny in Canberra, setting up another crucial Chinese foreign investment test for Treasurer Josh Frydenberg.

Politicians and foreign affairs experts are already debating whether or not the Morrison government should approve China Mengnui Dairy Company's accepted offer for Bellamy's.

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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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    Original URL: https://www.afr.com/politics/china-bid-for-bellamy-s-faces-canberra-hurdle-20190916-p52rqw