Chinese buy-ups around the world worth more than $US35 billion failed last year because of security concerns and fears about the country’s ownership of strategic assets.
The United States was responsible for rejecting the biggest number of Chinese bids, according to Thomson Reuters.
But in Australia tens of thousands of acquisitions by Chinese firms are simply being waived through by the authorities.
Australia’s Foreign Investment Review Board (FIRB) approved 25,431 Chinese investment proposals in the country in 2014-15.
That means two-thirds of the total 37,953 deals allowed by FIRB went to Chinese firms and state-owned companies, who poured in $46.5 billion in one year alone.
The United States had just 412 acquisitions requiring approval in Australia worth $25 billion.
America is likely to increase the number of Chinese bids being rejected.
In 2016 what would have been the largest ever takeover of a US firm by a Chinese company was abandoned when insurer Anbang pulled out of its $US14 billion bid for Starwood Hotels & Resorts Worldwide.
President Donald Trump has repeatedly made clear that he wants to crack down on the level of Chinese investment in the United States.
Increasingly, there are also calls in Australia for greater scrutiny of foreign investment and an end to rubber-stamped deals for China.
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