Australia continues to attract the attention of businesses and investment from China, whilst other traditional destinations for investment, such as the USA, experience a cool-down.
According to PwC’s 21st CEO Survey, China CEOs “… are diversifying their bets away from the United States (59% to 17%) and toward a broader array of markets. Australia seems to be the principal beneficiary; not even in China’s top ten last year, it has risen to the number one destination for Chinese investment “
LH Global’s CEO Mr James Clarke said that “PWCs report does not come as a surprise, as we have recently experienced a renewed and heightened level of interest in investment opportunities by our Chinese clients in Australia – particularly in areas such as tourism infrastructure and education.”
Project Acquisitions Dept Manager Mr Shuai Luo also commented that “we have recently experienced strong interest form Asia’s investors, especially from China, including both high net worth individuals and investment funds, who are looking to expand to Australia for a securer environment and more stable policies, so they can strategically plan their capital investment for growth in the long term”.
In response to PwC’s survey on the following question “Which three territories, excluding the territory in which you are based, do you consider most important for your organisation’s overall growth prospects over the next 12 months?”, China CEOs responded as follows:
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