Will China end up owning the World?

[luutzu]

I read in the West Australian, the other day that the W.A Government,was hoding up billions of dollars of Chinese investment in the Ord irrigation area.

From what i read, it appeared the stumbling block is how much financial surety the Chinese had to put up, the Government wanted a 50 year unlimited surety, the Chinese want to put up $150 million.

Meanwhile we put in billions of dollars of tax payer funds, to supply the extra water and infrastructure, then they walk away and say we don't want it.

Sounds a bit like our endless mining boom that was going to last for decades, China says we will take all you can produce, then when you're geared up say no we don't want it.

Maybe the W.A Government has woken up, to the rope a dope tactic, who knows.

Did they? Didn't know that. I guess them Chinese aren't that stupid after all

Read the current oil and commodity crash is also nice going for them too. Stock up on the strategic reserves, have spare to sell overseas.

It's a good place to be in when you report your economy is doing it tough, growth is lagging... and stupid traders panic and sell stuff cheaper to you.

 

[DB008]

Chinese Group Buys $400 Million Stake in Manchester City Owner​

A Chinese consortium led by China Media Capital Holdings is investing $400 million in an Abu Dhabi-based company that owns Manchester City Football club, the top-ranked British Premier League team.

CMC, a Shanghai-based private equity fund that owns the broadcast rights to the Chinese Super League, is teaming up with CITIC Capital Holdings to buy 13 percent of City Football Group, which also owns New York City Football Club, and Melbourne City Football Club, , according to a statement on Tuesday. The deal values City Football at $3 billion.
CMC is chaired by Li Ruigang, who has led group investments including a stake in IMAX China Holding Inc., and tie ups with DreamWorks Animation SKG Inc. and Warner Brothers by the fund focused on media content and sports events.

“Football is now at a fascinating and critical stage of development in China,” Li said in the statement. “We see unprecedented growth opportunities in both its development as an industry, being China’s most watched sport, and its inspirational role bringing people of all ages together with a shared passion.”

http://www.bloomberg.com/news/articles/2015-12-01/chinese-group-buys-400-million-stake-in-manchester-city-owner​

 

[sptrawler]

The Chinese are very active aren't they.

http://www.smh.com.au/business/ener...t-snaps-up-pacific-hydro-20151216-glp7cg.html

We really are a Country, being bought up at bargain prices.

I don't know how we will control the price of anything, when we own nothing.:1zhelp:

 

[bely1995]

Clash of Empires. USA, China, Germany will dominate the world economy?:confus:

 

[SirRumpole]

Are the Chinese trying to kill us or just take us for a ride ?



Dozens of Australian building sites contaminated by illegal Chinese asbestos imports, authorities say


http://www.abc.net.au/news/2016-02-...es-contaminated-with-chinese-asbestos/7166674

 

[luutzu]

Are the Chinese trying to kill us or just take us for a ride ?



Dozens of Australian building sites contaminated by illegal Chinese asbestos imports, authorities say


http://www.abc.net.au/news/2016-02-...es-contaminated-with-chinese-asbestos/7166674

Take us for a ride? The ride then kill us?

Saw a clip from the Daily Show a while back where the Canadian, yea, Canada Canadian... they actually export raw asbestos to India. There's no regulation in India about asbestos and the spokesman for one of those Canadian companies said asbestos probably won't kill or harm Indians, the brown folks are resistant to it or something.

Then it show a clip of a poor Indian worker cluelessly shuffling asbestos fibre into some machine. Fark.

Capitalism man, who needs all these red tapes and regulations when the Market can regulate itself.

 

[CanOz]

Are the Chinese trying to kill us or just take us for a ride ?



Dozens of Australian building sites contaminated by illegal Chinese asbestos imports, authorities say


http://www.abc.net.au/news/2016-02-...es-contaminated-with-chinese-asbestos/7166674

This needs some tough action, the Libs need to send a message that poisonous crap won't be tolerated. This is where the Unions could actually prove their worth as well for a change, by striking/boycotting anything Chinese until they get the message. Foreign companies can't export anything from China without going jumping through hoops and this just proves again how anything and anyone can be bought in China, including the export quarantine inspectors....makes one wonder what testing was done on the Australian side and how long it will be until the corrupt/greedy pigs get their claws into them as well....

 

[CanOz]

This is wrong on so many levels....

China Builds an Empire of Electricity With Australia as Target

If foreign companies cannot own Chinese state companies, then State companies should not own another states assets! Why are we so stupid, how can we let politicians privatize like this? I'm all for paying off debt with privatization, but listed companies only, no sovereign or state companies....this is just common sense to me, am i missing something?

 

[Knobby22]

This is wrong on so many levels....



If foreign companies cannot own Chinese state companies, then State companies should not own another states assets! Why are we so stupid, how can we let politicians privatize like this? I'm all for paying off debt with privatization, but listed companies only, no sovereign or state companies....this is just common sense to me, am i missing something?

So true.
the thread name is wrong.
China will not end up owning the world but China could end up owning Australia.
I am also amazed how much good farming land we are letting them own. We should only allow them leases.

 

[CanOz]

So true.
the thread name is wrong.
China will not end up owning the world but China could end up owning Australia.
I am also amazed how much good farming land we are letting them own. We should only allow them leases.

Absolutely!! In China you can only lease the land, the state keeps it...

We need a petition on this crap....:bad:

 

[SirRumpole]

So true.
the thread name is wrong.
China will not end up owning the world but China could end up owning Australia.
I am also amazed how much good farming land we are letting them own. We should only allow them leases.

I agree in principle but how can you stop private owners selling their own land ?

Personally I think the Future Fund should buy the land and then lease it out, but are they going to pay market price (ie what the Chinese are prepared to pay) or forcibly acquire it for less ?

A few tricky legal things to sort out there.

 

[Value Collector]

I agree in principle but how can you stop private owners selling their own land ?

I don't think there is a problem with them buying land, its more of a problem of what we are doing. this is a great little analogy.

 

[SirRumpole]

I don't think there is a problem with them buying land, its more of a problem of what we are doing. this is a great little analogy.

Indeed so, which is why we have a right to know how much of our assets are in foreign hands and what the trend in foreign acquisitions are.

How much is too much according to the politicians ?

 

[Value Collector]

Indeed so, which is why we have a right to know how much of our assets are in foreign hands and what the trend in foreign acquisitions are.

How much is too much according to the politicians ?

"Our assets"???? Unless we own it it's their assets.

I don't really think there should be limits, the real problem is that not enough Aussies are buying assets (apart from houses)

Aussies need to start putting their money where their mouth is and taking a bigger ownership interest in our own economy, and start exporting more products so the foreigners are less likely to use their Aussie dollars to buy assets.

People say they don't want Chinese ownership of our farms, but are those Aussies investing their money into own agricultural sector??? Probably not.

The average farmer is over 60, what are we going to do, deny them the right to sell and retire and then when they die let the farm turn to weeds???

 

[SirRumpole]

"Our assets"???? Unless we own it it's their assets.

I don't really think there should be limits, the real problem is that not enough Aussies are buying assets (apart from houses)

Aussies need to start putting their money where their mouth is and taking a bigger ownership interest in our own economy, and start exporting more products so the foreigners are less likely to use their Aussie dollars to buy assets.

People say they don't want Chinese ownership of our farms, but are those Aussies investing their money into own agricultural sector??? Probably not.

The average farmer is over 60, what are we going to do, deny them the right to sell and retire and then when they die let the farm turn to weeds???

If you look at my original post I suggested that the Future Fund buy the land then lease it to whoever can pay the most while complying with sustainability criteria.

Yer average Aussie investor can't compete against cashed up Chinese billionaires looking for a money laundering operation.

 

[Value Collector]

If you look at my original post I suggested that the Future Fund buy the land then lease it to whoever can pay the most while complying with sustainability criteria.

Yer average Aussie investor can't compete against cashed up Chinese billionaires looking for a money laundering operation.

If they are over paying, why would we want to stop them doing that, and funding Aussie farmers retirement in the process, we will by it back half price after the next 7 year drought was the craze has passed.

 

[SirRumpole]

If they are over paying, why would we want to stop them doing that, and funding Aussie farmers retirement in the process, we will by it back half price after the next 7 year drought was the craze has passed.

Where do you think the products and the profits will be going ?

Both could stay here or at least be controlled if we owned the properties. There is such a thing as national interest not just the interest of individual farmers retiring in the Caymans.

 

[luutzu]

Where do you think the products and the profits will be going ?

Both could stay here or at least be controlled if we owned the properties. There is such a thing as national interest not just the interest of individual farmers retiring in the Caymans.

I think the US, UK and Japan owns a much larger chunk of Australia than China. A few times over.

I think our politicians are pretty clever at drawing in Chinese and other foreign capital. That's a good thing... they can own it but they can't take it home with them right?

Much like most Australian homeowners not really owning their home or their few other properties... Looks and sounds good but really, the bank got the paper that said otherwise.

Same with foreign investors... may top dollars, then the taxes and stamp duty. And when we want it back we just increase the tax, lower the Aussie dollar etc., and off they go.

 

[Value Collector]

Where do you think the products and the profits will be going ?

Both could stay here or at least be controlled if we owned the properties. There is such a thing as national interest not just the interest of individual farmers retiring in the Caymans.

The products will probably be sold to the highest bidder in the free market, just as any Aussie farmer sells their products, I don't know of an Aussie farmer who would deny sending his wheat to China if he were to earn an extra $5 per tonne by doing so, do you not think we aren't exporting ship loads already??

As for profits, well profits are only about 5% of the revenue a farmer generates if he is lucky, they can't take the farm back to China, so most of the revenue generated would be defused back into the Aussie economy via wages spent locally, transport and storage, services, fertiliser and energy costs and thousands of other incidental expenses.

Farmers retiring in the caymans??? They probably stay around their community, spending that lump sum that probably represents 20years of profit from the farm.

 

[Value Collector]

I think the US, UK and Japan owns a much larger chunk of Australia than China. A few times over.

.

And it's not like Aussie companies are shy about buying assets over seas, the Aussie banks basically own the New Zealand banking system, westfields owns shopping centres all over the USA, Bhp and Rio own mines everywhere, there was a fad for a while of Aussies buying New Zealand and USA real estate,

Hell, through the magic of share markets and securitisation, even I own a nice little cross section of the USA.