Company KPMG Australia the person in charge of the Department of Chinese Affairs Fan Xinde (Doug Ferguson) said Chinese companies are exploring how to be able to meet the growing domestic demand for food, they began to learn the experience of Australian businesses and farmers, and the agricultural sector in Australia. "all aspects of the shows from the gate to the dinner plate, "the increasingly strong investment interest.
Fan Xinde an interview with the Wall Street Journal said, iron ore, coal and copper mining boom of the industry with the changing needs of the construction industry and the ups and downs, but the demand for food is quite stable, and the trend is irreversible .
Compared to the investment in the mining industry in Australia, not large-scale agricultural investment in Australia. KPMG and the University of Sydney (University of Sydney) survey found that, from September 2006 to June 2012, China's investment in Australia, 92% are invested in the mining and oil and gas industries.
However, as metal prices decline, the price of the main exports of iron ore in Australia fell to a minimum of two and a half years, China's interest in Australia's resources industry is rapidly cooled. In contrast, this year, with the weather problems rekindle the world's food supply shortages in fear, food prices have rose sharply. In addition, in view of the UN global grain production in 2050 is expected to yield 70% in order to meet the growing demand is expected the next few decades, food prices will continue to move forward along the upward trajectory.
Fan Xinde, said he expects the private enterprises in China will increase investment in Australia's food industry, in particular, the joint venture model used in many resource projects. Australian farmers faced with rising costs and the higher Australian dollar situation, if they want to remain competitive, from China's capital will be especially critical (China's technology will be more important).
Fan Xinde Generally speaking, the Chinese people more and more interested in participating in Australia from the gate to the dinner plate, "the food supply chain; This requires a more pragmatic way to influence the attitudes and decision-making in Australia.
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