A survey of 105 CEOs by GA Research has found support for Chinese investment in Australian manufacturing and infrastructure.
Nearly two-thirds of CEOs who participated in the research for Business Spectator’s CEO Pulse series welcomed Chinese investment in those areas.
“I feel that manufacturing needs some foreign capital to kick it along albeit, Australia is now one of the worlds’ most uncompetitive countries to manufacture in,” one respondent said.
They were less enthusiastic, however, about Chinese investment in agriculture production assets (41 per cent support). The same respondent offered, “I don't agree with the huge buy up of agricultural land we are seeing by China. Australia needs to own its agriculture!”
Robert Gottliebsen, a columnist for the Spectator, commented that the results suggested, “Australian CEOs want the Chinese to invest in our roads, sea/air ports and energy utilities and integrate our manufacturing with China.”
To read the survey, click here.