China Is Finding New Ways to Splash Its Cash in Countries That Don’t Want It

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China Is Finding New Ways to Splash Its Cash in Countries That Don’t Want It
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In a race to rebuild the economy post-coronavirus, some officials worry Chinese investment may pose a security risk

SYDNEY—One of Australia’s biggest states is pushing ahead on an infrastructure deal with China as ties between Beijing and the federal government are at a low, raising concerns that Chinese money may end up funding projects that are a national-security risk.

Victoria joined China’s Belt and Road program—a trillion-dollar flagship foreign-policy initiative—in October. In recent days, the state’s premier, Daniel Andrews, has been touting it as a “passport to export” and a way to create jobs in a coronavirus-afflicted economy.

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