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Australians Are Paranoid About Fictional China Freshwater Grab

CANBERRA

As the relationship between Canberra and Beijing sours, distrust of China and concerns about drought and water shortages have fuelled talk that China is buying up Australia’s water sources with malicious intent. Water first became a tradeable commodity in some parts of Australia in the 1980s, but over the years the market has grown into an industry worth A$3 billion (US$2.08 billion) a year – the largest of its kind in the world.

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