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Australian Treasurer Wayne Swan on June 26 declined to comment on a report published by the newspaper The Australian the same day that suggested Canberra might impose a 49.9 percent ownership ceiling on foreign sovereign firms investing in local resource companies. Instead, he reaffirmed Canberra’s longstanding position of welcoming foreign investment from all countries including China, but reviewing each application on a case-by-case basis.

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November 20, 2008 | 1849 GMT

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