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China and blocked Aussie sale of Ausgrid issue (Read 385 times)
ozzyoi
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China and blocked Aussie sale of Ausgrid issue
Aug 18th, 2016 at 10:18am
 
http://www.msn.com/en-au/news/australia/china-calls-australia-protectionist-warns-of-reduced-investment-after-the-ausgrid-sale-was-blocked/ar-BBvIAca?li=AAgfYrC&ocid=mailsignout

In the article it say's

Quote:
The Chinese Ministry of Commerce has now warned Australia that blocking the sale of the Ausgrid assets to Chinese companies was not only protectionist but likely to result in reduced interest from Chinese firms to invest in Australia.


Invest what ?
All we see is cheap products dumped in Australia made in China. This global dumping of cheap products and copies of almost everything has surely secured China's "investments" by putting much else locally made out of business. Sure, I take the blame to some degree, but now when I look for Made in Australia such as clothing that does not itch with cancer causing poisons in the colors of the fabrics (not going to start a long list), our food getting far more expensive due to the Chinese glut, ( beef prices have blown off the roof due to demand in China ) Uemployment and on  and on.

Yeah well please do take you business elsewhere, buying up property and hoarding is not "investing".

------,

Quote:
that Shen Danyang, a China Commerce Ministry spokesman, said in Beijing that, "this kind of decision is protectionist and seriously impacts the willingness of Chinese companies to invest in Australia". 


Oh really, what happened to GMH and all the others ?
What company, "The Great Wall" automotive, where they were sent back because the brake linings were found to contain asbestos ? Can't they read our terms and conditions, nos asbestos in brake linings, and whatever else.

-,

Quote:
China hopes Australia will create a fairer and more transparent environment for Chinese investment"

Yeah right, I was at house auction last year, a chinese dude just kept bidding and bidding, won the bid at a inflated price and house is still vacant.  So what's fair ?

----,

Quote:
The notion that the west still conspires against China is widespread.


Yep, with all due respect.

-----,

Some of my friends are Asian and Chinese and I welcome them into my home,they work, have family and put back into the local and national community, and pay taxes. But it's these other corporate types,( who probably never set foot in Australia and strategically  milk it for all they can) the multi billionaires and their ways to dominate globally at the cost beyond ethical comprehension, causing the problems we have now with reduced employment and rise in local youth crime. If the large industries that have closed down or going to close down, ( GMH in 2017 for example ), then the same youth would not have a drug or alcohol problem, they would have had a job and a home to buy at an affordable price.

Do these Chinese and other global billionaire juggernauts understand while they are getting filthy rich at the expense of others?

You made your money, now piss off !
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bogarde73
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Re: China and blocked Aussie sale of Ausgrid issue
Reply #1 - Aug 18th, 2016 at 10:36am
 
They are really conducting an all-out media blitz to scare business & the community into hounding the govt to change their foreign investment rules.

But ScoMo has said he is comfortable with the rules as they are.
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Re: China and blocked Aussie sale of Ausgrid issue
Reply #2 - Aug 18th, 2016 at 11:54am
 
HI ALL

Might one suggest that?

Anything Australian try buying farmland or power infrastructure in China.

Has Buckley's chance.
So why give the YELLOW HORDE ours.

Cool Cool
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Re: China and blocked Aussie sale of Ausgrid issue
Reply #3 - Aug 18th, 2016 at 1:51pm
 
The real reason this is happening is that Australia does not want the A$ exchange rate controlled by the Chinese which would happen if there were large capital inflows at the whim of the Chinese. Not only do the capital inflows affect the A$ with upward pressure, the capital outflows from China affect the Chinese Renminbi by downward pressure on the exchange rate.

The Japanese were very good at manipulating world markets in the 1980s with money from their trade surpluses and Western governments are trying to prevent China developing the same strategies that allowed Japan to manipulate world currency exchange rates and commodity prices in the 1980s.
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