Report by the China Studies Centre and KPMG was launched by NSW Premier Barry O'Farrell in China
3 August 2012
A report by the China Studies Centre and KPMG, "Demystifying Chinese Investment: China's Outbound Direct Investment in Australia", was launched in Chengdu, China yesterday by NSW Premier Barry O'Farrell.
According to this report, the Australian Financial Review has advised that NSW is outperforming rival states in attracting Chinese investment across a wider range of industries than mining and resources. The report finds Australia trumps rival economies in securing "mega deals" with Chinese investors but struggles to spread the wealth across a mix of sectors.
O'Farrell cited from this report that the "lack of understanding" of state-owned enterprises created "unwanted anxieties" towards Chinese investment in Australia, the Sydney Morning Herald reported. For the whole article, please click here.
The Australian newspaper has also noted that the report concluded Australian politicians and bureaucrats needed a more sophisticated understanding of the workings of China's state-owned enterprises.
ABC TV's Lateline program also mentioned the report. For the full program, please click here.
To view the report, please click here.