whats the alternative

If the government does not approve the deal with the Chinese, OZL will likley collapse and head into administration?

Not sure that the government will want to be seen to be responsible for this. Given the lack of strategic assets involved, can't see why it won't reiceve FIRB approvals, particularly given some of the recent approvals given.

Government will be hoping like made for another non-Chinese bidder to emerge, which is a strong possibility.