Tag Archives: chinalco

“Re-Enter The Dragon”: What Will Chinese Investment In Australia Do For The Arts?

After Failed Business Deals Earlier In The Year, Chinese Investment In Australia Is Back In A Big Way

Despite setbacks, Chinese-Australian business ties have deepened in the last few years

Despite setbacks, Chinese-Australian business ties have deepened in the last few years

The Australian reports this week that Australia remains a popular destination for Chinese investments, even after the ill-fated Chinalco-Rio Tinto negotiations earlier this year and China’s subsequent incarceration of Rio executive Stern Hu, an Australian national, along with three of his Chinese colleagues:

[T]he core complementary elements that have increasingly driven the economies together — Australia’s need for capital and for markets, China’s need for inputs for its industrial machine, and for international enmeshment — have not changed.

Paul Glasson, Shanghai-based managing director of Sigiriya Capital, a leading figure in putting together deals between Chinese and Australian companies, says: “The core proposition between Australia and China remains the same. The bottom line demand and desire to supply resources has not changed.”

This became palpable when Resources Minister Martin Ferguson flew to Beijing to initial on August 18 the deal through which state-owned giant PetroChina agreed to buy $50bn worth of gas from the Gorgon field off Western Australia.

With scant notice, he secured a brief but crucial meeting with the central player in China’s zou chu qu — go global — campaign, the chairman of the immensely powerful National Development and Reform Commission (NDRC), Zhang Ping.

Continue reading

Australia and China: The Art & Business Connection

Rising Trade And Cultural Exchanges Between Two Countries Leading China-West Partnerships

Ambassador Raby has been a contemporary Chinese art buff since the 1980s. Could Raby and Rudd lead the way to better Sino-Australian ties?

Ambassador Raby has been a contemporary Chinese art buff since the 1980s. Could Raby and Rudd lead the way to better Sino-Australian ties?

There have been several stories in the last few days about the relationship between Australia and China, two countries which have economically benefitted in alternating cycles through increased trade and commerce over the last 20 or so years. While Australia has a Mandarin-speaking PM who has shown a muted interest in deepening Sino-Australian ties, recent articles have indicated that the China stigma continues to play a role in business deals and politics.

Continue reading