Chairman of the China Chamber of Commerce in Australia, Hu Shanjun, said Australia was still a popular place for Chinese groups to invest, but that could change.
Mr Hu, who also heads the Bank of China in Australia, said the Australian government remained suspicious of Chinese companies, especially state-owned enterprises, and it showed in their policies.
“Some new policies we think they are not very fair for Chinese investors,” Mr Hu said.
“They have certain limitations, especially for government-owned companies.”
“I think it is a bit unfair and also hurts Chinese investors’ feelings,” said Mr Hu, who spoke to AAP outside the Australia China Minerals Investment Summit in Darwin on Tuesday.
One example was that Chinese government-owned businesses had to seek approval even to rent an apartment, whereas other groups didn’t need to, Mr Hu said.
“If the Australian government has limitations and has restrictions, we will go to other countries to look for opportunities,” he said.
He said there were options for mining companies wanting to invest their money, noting major commodities such as iron ore, coal and copper could also be found in South Africa or Latin America.
The China Chamber of Commerce in Australia represents about 220 Chinese businesses who invest in Australia, including many state-owned companies.Source: The Australian – Chinese companies ‘treated unfairly’
- Former Australian Prime Minister says US v China debate is ‘infantile’ (craighill.net)
- China was furious because Australia would not submit to its demands under Kevin Rudd (chinadailymail.com)
- Chinese move in on power industry -Australia (forum.prisonplanet.com)
- Chinese companies buying up Detroit’s auto mindshare (smartplanet.com)
- How To Protect Your Trademark In China; How To Stop Your Distributer From “Stealing” Your Trademark (chinalawblog.com)
- Chinese entrepreneur symbolizes Australian story: NSW Premier (nzweek.com)
- Reality check: Canadian tariffs on Chinese goods (macleans.ca)
- How To Negotiate With Chinese Companies. You Are The Cow And Here’s How To Avoid Getting Milked. (chinalawblog.com)
- Australia, China agree to annual talks (radionz.co.nz)
- China Failed Mining Deals Top $45 Billion on Hanlong Bungle (bloomberg.com)
- In Meeting with NLD, Myitsone Investor Says It Hopes to Restart Project (irrawaddy.org)
- Australian Prime Minister strengthens military alliance with China, ignores 2009 report of threat (chinadailymail.com)
- Australian frigate joins US Navy in East China Sea mission (chinadailymail.com)
Categories: Trade & Investment