Baird open to Chinese poles and wires sale


Mr Baird says he has no reservations about Chinese investors taking part in the sale. "Any economy that ignores international investment is restricting the growth," he told reporters in Sydney on Tuesday. "We're open to investment from overseas and obviously we'd welcome any player that wants to put its hand up to invest.

NSW Premier Mike Baird says he is open to Chinese investors buying part of the state's poles and wires as he prepares for his trip to the Asian superpower.

He'll use the trip to invite Chinese investors to take part in his plan to lease 49 per cent of NSW's electricity distribution network, commonly known as the poles and wires.

Read more here: Business Spectator


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