Australia is the top choice among Chinese investors. Australia-China Relations Institute (ACRI) at the University of Technology, Sydney confirms that Chinese business leaders approve of Australia as a favourite destination for their investments.
Australia earned a 93 percent approval rating by Chinese-resident business leaders, based on a survey by ACRI.
The former Foreign Minister Bob Carr said that the recent visit of President Xi influenced the results of Chinese opinion on Australia. The culmination of the visit is the free trade agreement and a comprehensive strategic partnership. As a result, 81 per cent of Chinese also felt the Australian government was welcoming of closer economic ties.
The poll was conducted in February with 1,010 Chinese-resident business leaders. These leaders are defined as those who have completed a university education, at least five years of work experience, and are employed as department manager or above and possess home assets of more than 500,000 RMB.
Based on the survey results, these leaders rated Australia as the most attractive site to invest from overseas, as compared to other countries (Canada, Germany, Russia, Singapore, New Zealand, United States, and South Korea).
As compared to New Zealand and Hong Kong, Australia is considered as the most important economic partner for China.
Also, Australia is considered as the most significant player in the Asia-Pacific region, when compared with South Korea, Thailand, Indonesia, and Malaysia.
China was the sixth-largest source of inward foreign direct investment (FDI) stock with A$21 billion. In 2013, new FDI was worth A$5 billion. With goods and services worth A$160 billion, China was Australia’s largest two-way trading partner in the 2013-14 financial year. China was also Australia’s largest goods export destination (A$100 billion) and largest source of merchandise imports (A$50 billion).