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Chinese capital monopoly raises questions
2-October-08
Written by Mark Pownall
The markets might be rocky but continued Chinese interest is making some wonder about our current foreign investment rules. Mark Pownall reports.
AUSTRALIA may escape the worst of the global meltdown, but many are asking how our state's resources juggernaut can keep rolling with investment capital being withdrawn.
One of the few sources of potential capital that appears to have remained strong in the face of the withering credit crunch is that of foreign investors, notably Chinese steel companies, which have maintained their investment in local resources developments.
Article continues...
2-October-08
Written by Mark Pownall
The markets might be rocky but continued Chinese interest is making some wonder about our current foreign investment rules. Mark Pownall reports.
AUSTRALIA may escape the worst of the global meltdown, but many are asking how our state's resources juggernaut can keep rolling with investment capital being withdrawn.
One of the few sources of potential capital that appears to have remained strong in the face of the withering credit crunch is that of foreign investors, notably Chinese steel companies, which have maintained their investment in local resources developments.
Article continues...
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