The true face of Chinese investment fears

The major potential problem is "third country invoicing". This would sharply reduce the export price that local farmers and other producers could get. This would send them broke and allow even greater takeover of the "natural assets" of Australia.
It has happened in other countries, mainly caused by US Japan and some European countries, It appears that our politicians and major decision makers do not have a clue how international trade is really carried out. I have witnessed it over many years overseas and have fought against it because it is deceit.

I witnessed a lot of old Chinese Australians, in absolute despair, when Shanghai finally fell in 1949 (The true face of Chinese investment fears, November 22).
Few Australians are cognisant of the enormous investment in China that came from Australia. In the old Haymarket area of Sydney, many firms listed branches in China.
The St George district of Sydney funded the establishment of a range of retail enterprises, most notably the Wing On Group. (banking, insurance and retailing) and I remember one of the Wing Ons was a bus conductor on the local bus.
The real issue is the failure of Australians to save and invest.
My figuring indicates that Shanghai Zhongfu and the WA and Commonwealth governments have wasted, will waste, a lot of capital. $900 million needs to be spent growing high value crops and not low value ones like sugar, to earn a reasonable rate of return on $900 million of investment. Sugar even at 22cents a lb will never do it, at 6 cents as it was, is a disaster. Willmar paid CSR $1.7 bn for the sugar buiness how do you reconcile this with $900 million for 13000 ha.
The money the 2 governments have spent to establish Stage 2 is what it will cost a smart developer to develop a suburban subdivision.