@dlowan,
Hi Deb’s,
CHINA will double the rate of its overseas investment to over half a trillion dollars for the five years to 2015 as it continues to broaden the scope of its targets, which now include Australian farms and property as well as mining companies.
The nation's Commerce Ministry has forecast that offshore investment by Chinese companies and sovereign wealth funds will match the amount of foreign capital flowing into China at about $US560 billion between 2011-2015.
The prediction comes ahead of an Australian Bureau of Agricultural and Resource Economics report -- now in the hands of the Gillard government and expected later this month -- that will outline the extent to which Chinese and other foreign companies are buying farms and other agricultural companies in Australia.
A Senate inquiry into the politically charged matter was held last year and is expected to report later this year amid growing concerns over global food security and accusations by some politicians that Australia is "selling the farm".
David Olsson, China operations chief for Australian law firm Mallesons, told The Australian:
"
In many respects, nothing is now off the agenda. "The scale of Chinese investment will continue to accelerate. Our challenge is to appreciate the vast changes that are occurring on our doorstep and position ourselves to take advantage of the opportunities that lie ahead.”
What ‘opportunities’? Resources will be sucked back to China who borrow from RBA cheaply and lend to Europe at 5>7%.
Colonialism by another name?
BTW when there are signs of the economy slowing, inflation should rise!
So what is really going on?
