A new study by KPMG and the University of Sydney China Studies has found that Australia is facing increasing competition from other countries in attracting Chinese investment.
The report, Demystifying Chinese Investment in Australia: Update March 2013, states that Australia has maintained its position as the largest recipient of Chinese overseas direct investment (ODI), but is losing its dominance as the country continues to diversify its investment.
“While Australia’s accumulated Chinese direct investment is still ahead of its main international competitors, there is no denying that the rest of the world is hot on our heels and aggressively competing for Chinese capital,” said Professor Hans Hendrischke of the University of Sydney China Studies Centre.
Doug Ferguson from KPMG expects to see continued growth for locations recognised for world’s best practice in engineering and architecture, renewable energy, specialist environmental services and food safety and processing.
The report indicates that USA and Canada are catching up with Australia as locations of interest.Read more at University of Sydney