Chinese investment set to boom

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.

5 thoughts on “Chinese investment set to boom

  1. ERRATUM The body which assesses applications from overseas investors seeking to invest in sensitive New Zealand assets is not called the Foreign Investment Review Board. It is called the Overseas Investment Office (OIO). Sorry for the confusion.

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  2. ADDENDUM In the light of today’s revelation (as viewable on ABC evening news and as reported in other parts of the media) of the proposed 99-year lease of the NSW public sector enterprise, Ausgrid, either to Chinese-owned State Grid Corporation of China or to Hong Kong-based Cheung Kong Infrastructure, it would seem that the policy concerned thus constitutes a triple threat to our society’s security.

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  3. Quote from your blog article on Chinese investment, Glenn…a triple threat to our society’s security. Are you referring to our society’s economic security?

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  4. COMMENT The result of the processes under consideration was that the Australian Government did indeed stop the approval of the 99-year lease of AusGrid to a Chinese-owned consortium. However one is led to ask, What is the fundamental principle underlying the action which permitted this proposal to be considered in the first place? The answer, I believe, calls for much national soul-searching.

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About glennhorne

Writing on matters of Australian national security since 2016. Poetry.