Analysis: Investment vs. national interest
No-one expects business to apply a national interest test when it comes to making money but, in the case of Chinese investment in Australia such a test must be applied until China changes its ways.
Unfortunately, the changes which might make China as acceptable as the U.S., Britain, or European investors in Australia will not occur under the current system of government in China.
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Comments:
I agree with Brian Wilson
I agree with Brian Wilson
It is totally naive on the part of pro-China lobby in Australia to favour Chinese business (though it is state controlled)investment in Australia without giving thoughts to the final repercussions.
Although the Australian government and FIRB should have strict rules and clear guidelines on foreign investment, serious thought should be given to secondary processing facilities in Australia which will not only bring employment in Australia but profits will be shared by Australian companies.
See what is hapening to the LNG market. Although there is a rule of 15% of exploration to be supplied in the domestic market, but is it really followed in its true sense?
Foreign investment is good but should be handled very carefully










