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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: Canuck Dave who wrote (52338)	7/13/2009 9:32:34 PM
From: TobagoJack	Read Replies (1) of 217792

dunno, but others are buying for the long term just in in-tray China investment proposals being approved one a week CANBERRA, July 14 AAP - The federal government is approving Chinese investment proposals in Australia at the rate of more than one a week, Treasurer Wayne Swan says. Most of the proposals raise no issues for Australia's national interest, he says. Against the backdrop of a diplomatic row over the detention of an Australian company executive in China and a thwarted bid by state-owned Chinalco for mining giant Rio Tinto, Mr Swan has painted an upbeat picture about the investment relationship between the two nations. "We recognise that China has an interest in ensuring that we are able to supply the resources that it requires to fuel its continued economic growth," he told the Australian National University's China Update Conference in Canberra on Tuesday. Australia had an interest in expanding its capacity to supply those resources, he said. The government though was "particularly attentive" to any case in which a proposed investor in a resource was also a buyer of the resource. "Certainly this has been the case with some recent Chinese investment," he said. "The government has consistently emphasised to all foreign investors our insistence that Australia must remain a reliable supplier in the future to all current and potential trading partners." Australia's investment screening arrangements ensured Australia and China maintained a complementary and strategic investment relationship which delivered "significant win-win benefits" for both countries, Mr Swan said. Mr Swan rejected suggestions the government was seeking to tighten its foreign investment screening regime. "In fact, since the Rudd government came to office (in November 2007), China-sourced investment proposals have been approved at the rate of more than one per week."

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