Comments on: RBA deputy says fears of Chinese investment overblown http://www.lendingcentral.com/2009/11/10/rba-deputy-says-fears-of-chinese-investment-overblown/ The first word in mortgage news Fri, 19 Mar 2010 22:25:29 +0000 http://wordpress.org/?v=2.5.1 By: Xerxes http://www.lendingcentral.com/2009/11/10/rba-deputy-says-fears-of-chinese-investment-overblown/#comment-22586 Xerxes Wed, 11 Nov 2009 06:42:18 +0000 http://www.lendingcentral.com/?p=3242#comment-22586 He also seems to not understand the heart of the concern of China's selective investment interests. It's one thing to invest in Australian companies. Foreign capital is usually a good thing to assist with economic growth. The issue is China's interest in our natural resources & there desire to control (or at least significantly impact) world resource prices. Allowing a communist country to significantly control (effectively own) large portions of Australia's limited natural resources is somewhat foolish I think. Having foreign businesses operating in free market economies looking to invest in Australian companies is a good thing for Australia. Bring on Japanese (and other free market Asian economies) investment in Australia. But we need to be very careful of China. It is a command economy & the Chinese companies are state owned. They seem to go on a buying spree (funded by the Chinese government) when world resource prices are low. I am very untrusting of Chinese interest in Rio etc etc. He also seems to not understand the heart of the concern of China’s selective investment interests. It’s one thing to invest in Australian companies. Foreign capital is usually a good thing to assist with economic growth. The issue is China’s interest in our natural resources & there desire to control (or at least significantly impact) world resource prices.

Allowing a communist country to significantly control (effectively own) large portions of Australia’s limited natural resources is somewhat foolish I think.

Having foreign businesses operating in free market economies looking to invest in Australian companies is a good thing for Australia. Bring on Japanese (and other free market Asian economies) investment in Australia. But we need to be very careful of China. It is a command economy & the Chinese companies are state owned. They seem to go on a buying spree (funded by the Chinese government) when world resource prices are low. I am very untrusting of Chinese interest in Rio etc etc.

]]> By: Ray http://www.lendingcentral.com/2009/11/10/rba-deputy-says-fears-of-chinese-investment-overblown/#comment-22579 Ray Wed, 11 Nov 2009 03:26:14 +0000 http://www.lendingcentral.com/?p=3242#comment-22579 I have never seen the RBA so political as they are now. Bit of a worrying trend. With Howard in power they seemed always critical of him and Costello and now with KRUDD they almost seem in the same bed. I have never seen the RBA so political as they are now. Bit of a worrying trend.

With Howard in power they seemed always critical of him and Costello and now with KRUDD they almost seem in the same bed.

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