As Australia considers a US$19.5 billion tie-up between Aluminum Corporation of China (Chinalco) and miner Rio Tinto, a poll has shown Australians are wary of Chinese investment in local mining companies, Reuters reported. The poll of 890 people by research firm Essential Research found 57% believed Australia should resist Chinese investment in mining companies. The poll said 25% believed Chinese investment should be welcomed because it helps the domestic economy and provides jobs, while 18% were undecided. The deal between China’s state-owned Chinalco and Rio Tinto is being considered by Australia’s Foreign Investment Review Board, with Treasurer Wayne Swan to make the final decision. Opposition lawmakers are against the Chinalco-Rio deal, saying China would never allow an Australian company to buy a mine in China.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved