Chinese investment in Australia up 60%

25 Apr 2016, Lucy Racheva   Read the original article

Australia is the second most preferred foreign country for Chinese investors after the US.

Chinese investment in real estate market in Australia has increased 60% to $15 billion as investors expand into new areas.

After real estate, the Chinese investors prefer to invest in renewable energy (20%), healthcare (17 %), mining (9%), infrastructure (3%), gas and oil (3%) and agribusiness (3%).

The investors from China focus on long-term development projects such as office, residential, retail and hotel ones.

In 2015 there was a growth in investments in agriculture. Chinese agribusiness firms expect to benefit from the China-Australia Free Trade Agreement in the long term.

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