Following the money: where China's $40bn investment in Australia is going | Greg Jericho

China 0 Comment 1

Mining is the main industry receiving Chinese investment followed by real estate and transport infrastructure

New data out on Chinese investment in Australia has revealed that while the mining industry is the dominant destination of funds, investment in real estate and transport infrastructure also accounts for a large proportion of Chinese activity. And while most of the investment projects are by privately owned companies, the data reveals that state-owned enterprises account for nearly half of the value of investment due to their purchase of large-scale projects.

The new data by the East Asian Bureau of Economic Research at the Crawford School of Public Policy at the Australian National University has found that in the four years from 2014 through to 2017, just over $40.4bn worth of direct investment in Australia came from Chinese-owned companies.

Related: ‘Bulls in a paddock’: China-US struggle damaging to Australia, Andrew Robb warns

Continue reading…
Source: china
Link : Following the money: where China’s bn investment in Australia is going | Greg Jericho

Author

Leave a comment

Search

Back to Top