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China%27s+Nanshan+Buys+20%25+Virgin+Australia+Stake
Friday, 10 June 2016 - 16:41
China's Nanshan Buys 20% Virgin Australia Stake
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The Chinese group Nanshan has bought a 20% stake in Virgin Australia from Air New Zealand.

It is the second Chinese firm after the HNA Group to invest in the Australian carrier, which hopes to benefit from growing numbers of China tourists.

More than one million mainlanders visited Australia last year and that is forecast to grow to 1.5m by 2020.

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