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A new website designed to dispel myths surrounding Chinese investment in Australia has been launched by the federal minister for trade and investment, Andrew Robb.
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Website launched to dispel Chinese investment 'myths'
11 April 2014
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The Demystifying Chinese Investment in Australia website has been developed by KPMG and The University of Sydney Business School and China Studies Centre, with funding from the Australia-China Council.
The University of Sydney Business School’s professor of Chinese business and management, Hans Hendrischke, said the website contains the most up-to-date information on Chinese outbound direct investment in Australia.
“We use it as an analytical tool to forecast trends and identify incentives and obstacles for closer investment cooperation,” he said.
The website has been built around the seventh and most recent in a series of ‘Demystifying’ reports published by KPMG and The University of Sydney. This report shows a total of 182 deals in Australia worth an accumulated US$58,825 million were conducted by Chinese enterprises in Australia from September 2006 to December 2013.
Doug Ferguson, head of KPMG’s Asia Business Practice in Australia said the report provides valuable insights into the Chinese-Australian economic relationship.
“2013 was a turning point with the Chinese investment profile in Australia evolving and diversifying away from a reliance on mining and gas,” he said.
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“We experienced a shift towards new areas such as power transmission and a larger number of medium sized deals in real estate and with more activity from private Chinese investors.”
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