Chinese investment in Australia hit a six-year low last year, with $1 billion recorded as bilateral tensions escalated and the Morrison government imposed tighter restrictions on foreign asset purchases in nationally sensitive sectors.
A construction project by Probuild, the company that was set to be sold to a Chinese-state owned entity before the transaction was blocked.Only property and mining were resilient, with all but one deal in the $1.029 billion recorded in those sectors, in contrast to previous years when new Chinese investment was present in almost all parts of the economy.
“If you’re setting up a factory or setting up a business in a foreign country and operating under their rules, certainty is really important.” “Our performance throughout the pandemic will only serve to strengthen our attractiveness as an investment destination through 2021,” he said.
nickbonyhady Good. Most Australians don't want anything to do with that country. It's only the greedy people that do (real estate agents, property developers etc)
nickbonyhady Good. Investment is OK but not from toxic countries that have designs on financial and potentially military control of our society.
nickbonyhady Australia should not be receiving or even considering ANY foreign asset purchases from China. Its time the government bureaux realised that China wishes to establish ownership of land and other assets in order to establish bases for takeover/
nickbonyhady GOOD!
nickbonyhady If the average Aussie could think beyond property for investment, this wouldn’t be a problem at all..
nickbonyhady You would think our politicians have never read a word of Chinese history. Their ignorance is breathtaking.
nickbonyhady Oh well...shit happens!
nickbonyhady I can’t see anything wrong with this!
nickbonyhady A great thing
nickbonyhady Good, even excellent. We do not need foreign money buying. owning and controlling parts of Australia. Time we claimed everything back - maybe this is the next Indigenous strategy. We certainly don’t need the tainted money from other countries - best to have less and be stable
nickbonyhady That's good news
nickbonyhady Keep the good news coming.
nickbonyhady Good to hear that. It's not investment. It's intervention.
nickbonyhady Good !
nickbonyhady The CCP must be stopped from strong arming and intimidation of other nations including Australia. We must try harder to be self sufficient economically and militarily if we are to survive. I will never consent to being controlled by a pseudo democratic government
nickbonyhady We demonised China on behalf of US and China does ot see us as a trusted or strategic partner. Almost 20% of the worlds GDP increasingly out of our reach. Fine for genuine humanitarian reasons but this is just an political vendetta and we are the mugs holding the banner.
nickbonyhady Duh-doy. How much longer are these flogs going to ignore the idea that capitalism requires constant government correction if we are to continue to live in a democracy. Always talk of free market and socialism, and if you use those words to promote or hinder, you're the problem
nickbonyhady GOOD! WE WANT NOTHING TO DO WITH THEM!
nickbonyhady Sovereignty is important. We don’t want Australia becomes another Cambodia that only kowtows to China.
nickbonyhady Good
nickbonyhady Exporters are going out of business because the incompetent Morrison has no diplomacy skills