:::::::::: 글로벌번역통역센터 ::::::::::
 
 



 
 
> 고객지원센터 > News & Notice
ADMIN 2018. 08. 16.  
LIST  MODIFY  DELETE  WRITE  REPLY 
   제목: Anti-China Tilt in Australia Is Shortsighted


Anti-China Tilt in Australia Is Shortsighted

Chinese investment is small, but feels large. That's a reminder of why data should drive policy.

by Daniel Moss

April 5, 2018


China's economy certainly is increasingly influential, but the regulatory backlash from Canberra has all the makings of a self-inflicted wound.



Australia has announced limitations on foreign purchases of power utilities and land. In case anyone missed the message, the man who led the nation's top spy agencies was appointed head of the Foreign Investment Review Board last year. (He's also a former ambassador to Beijing.)


The restrictions are shortsighted -- though luckily, likely to fail. The acquisitiveness of Chinese companies is only going to grow as the country's capital markets expand. Asia's economic superpower is increasingly the region's political superpower -- if not yet its dominant military power.



Emotion and political expediency, rather than data, seem to be driving the bus. Should ownership rules in Australia be rigorous and subject to review as circumstances change? Sure. But there was never much of a problem when buyers came from familiar places like the U.S., the U.K., Western Europe and, to an extent, Japan. China is right to feel singled out.

While Chinese investment is growing significantly, it's dwarfed by America and Britain. The U.S. accounted for about 27 percent of foreign investment in Australia in 2016, and the U.K. another 16 percent. China was 2.7 percent and Hong Kong 3.2 percent, according to the Department of Foreign Affairs and Trade.

The numbers parallel what Australian companies are doing abroad. Despite decades of rhetoric about the need for economic and political engagement with Asia, most Australian firms prefer … you guessed it: America and Britain.

A study last year from PriceWaterhouseCoopers, the Institute for Managers and Leaders, and Asialink Business showed the top destinations for Australian corporate investment in 2015 were the U.S. with 19.4 percent, the U.K. at 15 percent, New Zealand at 11.2 percent and Singapore at 3.9 percent. Papua New Guinea, Germany and China tied for fifth.




Given the weight of money and where it's actually going to and coming from, it's hard to see a China threat. Perhaps the most startling thing is that despite the ascent of China, generally, how little it seems to figure in hard investment numbers.

It's true that China shapes Australia's economic and strategic neighborhood in ways that this type of math doesn't capture. Just look at the map and consider how China's demand for raw materials helped Australia dodge the Great Recession. Chinese tourists buoy the local economy, and Chinese students swell the coffers of Australian universities.

Seleted articles from Bloomberg

LIST  MODIFY  DELETE  WRITE  REPLY 





전체글 목록 2018. 08. 16.  전체글: 705  방문수: 2116180
 공지  정규직,계약직,프리랜서직 모집 
705   Musk Says He's Tapped Goldman, Silver Lake on Tesla Bid Plan
704   Lira Extends Slide as Erdogan Says Turkey in an Economic War
703   Turkish Lira Tumbles as Investors Panic Before Erdogan Address
702   Musk Mystery Enters Day 3 as Pressure to Show the Money Mounts
701   Bitcoin Tumbles Below $6,500 on Delayed SEC Decision
700   China Stocks Are About to Get Cheaper, Analysts Say
699   Here's Apple';s Plan to Keep From Losing the World뭩 Fastest-Growing Smartphone Market
698   How Apple Overcame Fitsand Flops to Grow Into a
697   Mobile and Sprint: How Fewer Competitors Could Increase Competition
696   The $500 Billion Market the World Never Thought It Would See
695   Facebook shares tank on slowing growth, wiping out billions in value
694   Chinese Shopping App Pinduoduo Sued in U.S. Ahead of I.P.O.
693   Where the Super-Rich Go to Buy Their Second Passport
692   Google Fined Record $5 Billion by EU, Given 90 Days to Stop ‘Illegal Practices’
691   Airbus Wins $9.2 Billion of Aircraft Orders From Asian Carriers
690   Hedge Funds Turn to These Tiny Stocks That Have Been Quietly Surging
689   Stocks Rebound After Trade List Angst; Yen Falls: Markets Wrap
688   Tesla Plots Bold China Factory Move, Stays Silent on Cost
687   Asian Stocks Show Muted Gains; Treasuries Slip: Markets Wrap
686   German Cars and American Steak: Early Trade War Victims Emerge
685   Want to Win the Trade War? Long the Dollar 
684   Micron’s China Ban Is Latest Blow to Chipmakers in Their Top Market 
683   Tesla Hits Model 3 Target and Focus Shifts to Sustainability 
682   Sharp Cancels New Share Sale, Citing Market Instability 
681   Gut Punch for Global Funds Buying China Stocks for First Time 
680   Crypto Collapse Spreads With Hundreds of Coins Plunging in Value 
679   Kuroda's Right-Hand Man Has Keen Eye on Side Effects of Stimulus 
678   Stocks Climb as Trade Angst Eases; Dollar Steadies: Markets Wrap 
677   Xi Can Make Life Difficult for U.S. Companies After Trump Threat 
676   Kakao causing stir for expanding food delivery biz 
RELOAD VIEW DEL WRITE
1 [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] 24