Thursday, September 24, 2009
China's Interest in Australia and the U.S.
Lately China has been making a lot of international investments, particularly in Australia and the United States. China's interest in Australia is of no surprise considering China's increased need for natural resources and minerals so as to support their massive population. China's Outbound Foreign Direct Investment program is supported by 8,500 investors and is currently valued at 55.91 billion U.S. dollars an 111% increase from 2007. Investment in Australia increased 26.7% between 2007 and 2008. The U.S.'s activity with China is moving a little more slowly than Australia because of a series of regulations but it is nonetheless increasing as the OFDI increases.