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.
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.”
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
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 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.
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 ?
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 ?
"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.
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.
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.
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