Keeping an eye on Communist, Totalitarian China, and its influence both globally, and we as Canadians. I have come to the opinion that we are rarely privy to truth regarding the real goal, the agenda of Red China, and it's implications for Canada [and North America as a whole]. No more can we rely on our media as more and more information on China is actively being swept under the carpet - not for consumption.
Monday, October 23, 2017
Here's why China is trying to buy out Australia
October 22, 2017
Here's why China is trying to buy out Australia
Chinese investors are buying up assets in Australia from housing to ports to agriculture.
One area where that trend is particular noticeable: Chinese investment in Australia's agricultural sector went from $300 million to more than $1 billion over the past year.
Part of what's driving that trend is Chinese investors looking to Australia as fertile ground to produce goods that they'll sell back in China. There's heavy demand from China's booming middle class for Australian-produced fruits, meats, wine, dairy and minerals.
In fact, those shoppers have grown to trust "Made in Australia" on the whole. After outbreaks in China from tainted infant formula, Australian-produced formula has been a market winner for Chinese consumers.
China's wealthy impact Australian housing
Home prices in Sydney are up 98 percent since the global financial crisis, and in Melbourne they're up 84 percent, according CoreLogic, a data, information, analytics and services provider in Australia.
Concurrent with rising prices is increased Chinese activity in the market. Last year, was the biggest year for Chinese investment in Australian residential real estate, according to Juwai.com, an international property website.
In New South Wales, the Australian state in which Sydney is located, foreign buyers (87 percent of whom were Chinese) acquired a quarter of new property supply, according to a recent report by Credit Suisse.
Not everyone is happy about the trend
Governments are working to slow the movement of Chinese money into Australian assets.
Australia has lowered incentives for foreign buyers, and the state of New South Wales doubled taxes on foreign buyers to 8 percent of the purchase price. For its part, China's government has recently implemented restrictions on the outflow of cash from the mainland.
"China's capital controls have worked," Jane Lu, head of Australia for Juwai said. "Look at China's huge foreign reserves, at the strong yuan, and at the reduced the flow of money out of the country."
In 2017, Juwai is seeing an average Chinese property buying inquiry price of about $350,000 in Australia, according to Lu. That's about $40,000 lower than last year, she said.
Yet, according to Credit Suisse, demand is still high and not expected to slow. One of the reasons is China's increasingly wealthy population.
In 2011, the combined wealth of all of China's millionaires was nearly equal to the value of Australia's total housing stock. Today, however, China's wealthy are worth twice as much as the housing stock.
Credit Suisse forecasts combined wealth of the China's elite will continue to grow at a faster pace.
How about we send our factories in India or some democratic country that won't steal our tech and shit?
This will reduce Chinese power and influences over us. We should remove China's most favored nation status and replace it with India or some other democracy.
LIving in Sydney - I think the government is just starting to realise the dangers with working too closely with China and emphasising their responsibility to follow international law. Based on the progress Turnbull has made on the issue in the six months, going from being China friendly to openly detesting their claims in the SCS while in Singapore this year. Investigations like this are starting to convince the public.
makes me remember the killing of french engineers by israel, in a calm planned way and france didnt rise a finger on them, while i understand that australia has economic interests with china, i dont get why zionist isratrash is giving a white card by the west !
Luckily there is full and immediate disclosure of party donations in Australia. Corruption is low but makes you wonder what loopholes could be exploited in the future. Foreign party donations will end soon.
As an Australian I would easily say our political system is joke! As would most people. And as for Chinese relations with Australia they actually don't own as much as people think they do. So many Australians will refuse to do business with China even when it comes to do with buying from their shops here. We are slowly seeing less business owners from china here.
I'm positive towards chinese lobbying in 'stralia an' 'zeeland.
The international currency will go from dollar to C-yen. It's going to happen and it's going to be bloody and the more 'stralia an' 'zeeland distance themselves from Isra... America the better.
As a chinese who live in the UK. I got so mad after reading all the comments from below. I don't understand why Commonwealth white people hate us. Our Chinese immigrants rarely commit crime and try to assimilate the society. We contributed a lot to the country we live in but at the end we were humiliated and beaten by the local. From what I see so far, muslims migrants are more welcome. They can do what ever they want, they built giant mosque, took over street for praying, raped young white girls, setting sharia law and training jihadis fighter. And this behavior is acceptable, the mainstream media never talk about it.