China blasts Australia for blocking electricity grid sale over security

China voiced anger on Friday over a decision by Australia to rule out on security grounds the preferred Chinese bidders for a $7.6 billion deal for an energy grid.

Australia’s Treasurer Scott Morrison earlier Friday formally blocked the sale of Ausgrid to China’s State Grid Corp and Cheung Kong Infrastructure Holdings.

In a statement on its website, China’s commerce ministry said the decision showed uncertainty in Australia’s investment environment and would seriously hurt the willingness of Chinese companies to invest in the country.