Chinese direct investment in Australia : public reaction, policy response, investor adaptation
AbstractChinaâ€™s overseas direct investment (ODI) in Australia has attracted adverse public reaction, similar to the reaction to Japanese investment in the late 1980s. Publicly aired concerns focus on Chinese ODI which is predominantly from state-owned enterprises and is perceived as a risk to Australiaâ€™s control over its wealth-creating assets. This perception is exacerbated by a lack of understanding of the institutional environment within which Chinaâ€™s state owned investors operate and the scale of investment. The current Australiaâ€”China investment relationship has involved an awkward interaction between public reaction, policy response in Australia, and adaptation by Chinese investors and institutions. Adaptation by Chinese investors has seen increased attempts to gain local legitimacy but has also potentially diverted largescale resource investments to other resource rich countries such as Guinea and Mongolia. Resolution of this reaction, response and adaptation process will require a deeper bilateral policy dialogue and increased investment transparency from state-owned investors and the related institutions on both sides.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series EABER Working Papers with number 23342.
Date of creation: Oct 2012
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Chinese ODI in Australia; state owned investors; public perception of Chinese investment in Australia; public reaction; policy response; investor adaptation; Australiaâ€”China investment relationship;
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- Wilson Au-Yeung & Alison Keys & Paul Fischer, 2012. "Australia-China: Not just 40 years," Economic Roundup, Treasury, Australian Government, Treasury, Australian Government, issue 4, pages 7-41, December.
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