Urandaline Investments The Perils of Down Under: Chinese Investment in Australia Hong Kong University of Science and Technology Hong Kong September 2011 .MINING·METALS ELECTRICITY·PETROCHEMICALS·
U randauine Investments Who is Clive Palmer and why is he saying these things? The Australian government has racially discriminated against China) and stopped them from investing in Australia. They've brought in things like the Foreign Investment Review Board in Australia, which is an outstandingly racist legislation designed to slow down Chinese growth, and it's a national disgrace Clive palmer The australian 29 September 2009 ·MIN|NG· METALS· ELECTRICITY·PETR0 CHEMICALS·
2 Who is Clive Palmer and why is he saying these things? “The Australian government has racially discriminated against (China) and stopped them from investing in Australia…They've brought in things like the Foreign Investment Review Board in Australia, which is an outstandingly racist legislation designed to slow down Chinese growth, and it's a national disgrace” Clive Palmer The Australian 29 September 2009
U randauine Investments The facts do not support a racist policy which discriminates against Chinese investors In the past 4 years the FIrb has approved around 230 Chinese investments worth some $6o billion, one outright rejection and six with conditions >Over the last decade there were three high-profile rejections of which one was Anglo-Dutch, one Singaporean and one chinese ·MIN|NG· METALS· ELECTRICITY·PETR0 CHEMICALS·
3 The facts do not support a racist policy which discriminates against Chinese investors ➢ In the past 4 years the FIRB has approved around 230 Chinese investments worth some $60 billion, one outright rejection and six with conditions ➢ Over the last decade there were three high-profile rejections of which one was Anglo-Dutch, one Singaporean and one Chinese
U randauine Investments Chinese investors believe that australia discriminates against them Survey by australia's Lowy Institute found Chinese believe investment discrimination by Australia is driven by Media driven nationalism Perception that state related investors are not focused on commercial objectives Concerns about China as both owner and customer Concern with China's growing geo-political clout Such perceptions stem largely from the failure of a series of igh profile resource deals ·MIN|NG· METALS· ELECTRICITY·PETR0 CHEMICALS·
4 Chinese investors believe that Australia discriminates against them ➢ Survey by Australia’s Lowy Institute found Chinese believe investment discrimination by Australia is driven by: ➢ Media driven nationalism ➢ Perception that state related investors are not focused on commercial objectives ➢ Concerns about China as both owner and customer ➢ Concern with China’s growing geo-political clout ➢ Such perceptions stem largely from the failure of a series of high profile resource deals
U randaline Investments A serious policy debate, but we can still laugh We 51%15a bit much But we'l Just take the middle and you can keep the nice bits around the edge… usEof MINING· METALS· ELECTR|cITY· PETROCHEMICALS· 5
5 A serious policy debate, but we can still laugh