Manufacturing News

Chinese investment favouring high-end manufacturing, non-mining

HSBC’s China Outbound survey has found that, when it comes to investing in Australia, the nation is favouring high-end manufacturing and non-mining categories over mining.

52 per cent of Australian companies in Australia were involved in manufacturing, with 28 per cent involved in the non-mining/export categories, and 20 per cent in mining.

"While 80 per cent of China's investment into Australia to date has been in mining, its increasing demand for high-end manufacturing, renewable energy and agriculture will open up new opportunities for Australia," James Hogan, HSBC Australia’s head of commercial banking, told AAP.

Overall, Australia was the third most favoured country to invest in, after the USA and Singapore, with Hong Kong, Macau and Taiwan excluded from results.

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