If the media tells enough lies, enough of the time, it starts to become true.
Here are the facts on foreign ownership. Dig a bit deeper and see which country has majority shareholdings in our banks....clue, its not China.
https://www.dfat.gov.au/trade/resour...s-in-australia
China gives us a massive trade surplus, puts money in our pockets, but they own very little. I lived in London between 2008 to 2013, during the heart of the GFC. You should all thank your lucky stars you didn't have to go through austerity. In part this is due to the massive trade surplus.