wpg's wisco investment opposed by defence, page-10

Yes, I agree with those comments.

Foreign investment is good and to be encouraged. So minority holdings, JVs etc. are the way to go. As long as the rules and processes are transparent and consistent.

IMO, majority holdings in significant companies and resource are not so desirable. (In reverse, such large foreign investments are not allowed in key strategic resources and companies in China.)

There really shouldn't be ANY doubt as to whether or not the WISCO or Baosteel investments are allowed. The policy should be clear, consistent, and automatically applied, and known by all parties prior to any deals been done.

These delays serve no one's interests. Not the national interest, CXM's or WISCO's.

The light is at the end of the tunnel though...

Y