Recently, while on the internet researching the subject of foreign investment, two hyperlinks drew me in from their respective search-engine search results. The first hyperlink directed me to an article on afr.com and which was concerned with the Australian government’s approval of the 99-year lease of the Port of Darwin to Chinese company, Landbridge; the second directed me to an article on the BBC news website which mentioned, over time, the New Zealand government’s consent to the divestment of 29 dairy farms to Chinese conglomerate, Shanghai Pengxin Group. Further investigation revealed Chinese investment in Australian real estate has recently doubled. In addition, New Zealand’s Foreign Investment Review Board has recently approved the sale of $10.9 billion of New Zealand real estate to Chinese investors.
As true friends of China, may we, Australia and New Zealand, continue to make wise investment choices as we continue to welcome Chinese investment in our two countries.