Between 2007 and 2021, China's state-owned enterprises and private companies poured a total of $158 billion into Australia, including by investing or acquiring mining and energy companies, infrastructure, wind turbine farms and a dairy processor.
While big spending buyers are targeting three and four-bedroom homes in Sydney, smaller student accommodation apartments around Australia are also popular Chinese investments. “Chinese buyers are looking overseas for higher returns than they can obtain in their domestic housing or stock markets,” Mr Ho said.
Chinese companies invested $US1. 42 billion in Australia last year, which was almost triple the investment in 2021. However, it remains the second-lowest level of investment since 2007, when KPMG and University of Sydney began compiling their report, Demystifying Chinese Investment in Australia.
China is the sixth-largest foreign direct investor in Australia ($46.3 billion in 2021), accounting for 4.4 per cent of total foreign direct investment (FDI). In recent years, Chinese investment has broadened from mainly mining to sectors such as infrastructure, services and agriculture.
China's Luye Medical bought hospital operator Healthe Care and now owns 34 hospitals across Australia, making it the third largest operator in the country.
The mining magnate Gina Rinehart is Australia's biggest landholder, controlling more than 9.2m hectares, or 1.2% of the entire landmass of the country, according to data compiled by Guardian Australia.
Merredin aerodrome was leased under a 100-year lease arrangement by China Southern West Australian Flying College (CSWAFC), a Western Australian Joint Venture Company owned by China Southern Airlines (China) and CAE Inc. (Canada) and was used as one of two pilot training facilities until September 2016.
Wesfarmers Limited is an Australian conglomerate, headquartered in Perth, Western Australia. It has interests predominantly in Australia and New Zealand, operating in retail, chemical, fertiliser, industrial and safety products.
What are the Requirements to Purchase Property in China as a Foreigner? A foreigner must have studied or worked in China for at least one year before purchasing property there. A foreigner can only own one property in China, and that property must be residential.
According to The Wealth Report 2023, the UK has the highest number of residents who own a multimillion dollar property in Australia, followed by the US.
However, the February 2022 NAB residential property survey revealed foreign buyers only accounted for 4.6 per cent of the Aussie property market.
Bega Dairy & Drinks is a subsidiary of Australian diversified food company the Bega Group, having been purchased from the Japanese company Kirin (who owns Lion in Australia) in November 2020. While owned by Kirin, it was known as Lion Dairy & Drinks.
Ausgrid was wholly owned by the Government of New South Wales from 2011 to 2016. In 2016, the New South Wales Government offered the effective sale of a 50.4% stake in Ausgrid, through a 99-year lease. Initial bidding was won by a consortium of State Grid Corporation of China and Cheung Kong Infrastructure Holdings.
The Bega Group is an Australian diversified food and drinks company with manufacturing sites in New South Wales, Queensland, Western Australia and Victoria.
China may own as much as 20 per cent of all Australian Government debt according to big Canadian investment bank RBC.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong.
Their investments increased by 0.5 per cent, bringing Chinese interests' total area of Australian agricultural land to 9,199,000 hectares or 2.4 per cent over the period to June 2019.
The airport is owned by Sydney Airport Holdings. It is the primary airport serving Sydney and is a primary hub for Qantas, as well as a secondary hub for Virgin Australia and Jetstar, and a focus city for Air New Zealand. Situated next to Botany Bay, the airport has three runways.
The truth is that in the mid-1990s, China Southern Airlines purchased the Merredin airport freehold from the Shire of Merredin. The state government, at the time, was the Court Liberal government, but the deal was made between the company and the Shire of Merredin.
Aboriginal and Torres Strait Islander peoples have occupied the lands and waters of Australia for millennia. Since the beginning of colonisation, Australia's First peoples have defended their lands and waters and asserted their rights to their homelands.
Aboriginal and Torres Strait Islander peoples' rights and interests in land are formally recognised over around 50 per cent of Australia's land mass. Connection to land is of central importance to First Nations Australians.