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KPMG sees Chinese investment in Aussie agriculture
By Juwai, 23 August 2012
With a rising food demand at home, Chinese investment in the Australian agriculture market could be on the rise in the years to come.
With the markets for mineers and energy producers declining, there is a growing interest in looking to finance invetments in new projects. With that being the case, many are looking towards the agricultural industry, viewing it as a safe choice. The agricultural industry has seen an increasing demand with the growing Chinese populaion. With food being a necessity the trend of growth would be irreversible.\
In 2011 alone, the Foreign Investment Review Board gave approvalof A$4 million (US$4.2 million) for Chinese ivestment in Australian agriculture.
Investments in the iron and ore sectors have faced a rapid decline, with some investments even losing everything. However, on the other hand, prices of food across the globe have spiked over the past year, especially with the UN forecasted needs to increase production by 70% by 2050.
Read more from this story on The Wall Street Journal.
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