Minister for Trade and Investment, Andrew Robb, today launched the first ever interactive online website cataloguing Chinese investment in Australia.
“This online resource increases knowledge about Chinese investment in Australia and will help inform public debate,” Mr Robb said.
“Animated infographics allow detailed analysis of historical Chinese investment according to year, industry, geography, dollar value and investor type.”
Developed by KPMG, the University of Sydney Business School and the China Studies Centre, Demystifying Chinese Investment is available at www.demystifyingchina.com.au.
Speaking from Shanghai during his visit as part of Australia Week in China, Mr Robb said foreign investment was critical for jobs and Australia’s national development.
“The more facts and information available, the better our understanding of what is at stake,” he said.
“Foreign Direct Investment is important to our economy and has been one of the key themes of the current extensive business program and activities in China.”
The Australia-China Council provided a grant that has enabled the reports’ data to be presented more effectively through the Internet. An app version is also planned.
Warwick Smith, Chairman of the Australia-China Council, said he was pleased to support the KPMG-University of Sydney initiative.
“It is one of the Council’s practical initiatives to support the Government’s economic diplomacy agenda,” he said.
Head of KPMGs Asia Business Practice in Australia Doug Ferguson said the Chinese investment profile was diversifying away from a reliance of mining and gas.
“We experienced a shift towards new areas such as power transmission and a large number of medium sized deals in real estate and with more activity from private Chinese investors,” he said.
KPMG and University of Sydney research has recorded a total of 182 deals worth around $60 billion involving Chinese enterprises in Australia between September 2006 and December 2013.
Mr Robb is currently leading the Commonwealth’s biggest ever trade mission to China with more than 700 business delegates.
- Trade Minister's Office: (02) 6277 7420
- DFAT Media Liaison: (02) 6261 1555