Chinese interest spikes
FROM Mongolia, Hong Kong and Shanghai to Roma and Chinchilla – it’s not every day a delegation of Chinese businessmen tours the Western Downs.
But Steven and Ursula Keating last week hosted a contingent of six investors from Hong Kong, Shanghai and Inner Mongolia.
The Chinese investors have shown an interest in the local beef industry that could pave the way for major investment in the region.
Mr Keating, company director of Australian Agricultural and Environmental Solutions, said Chinese investor interest in the Western Downs region was ignited by Australia’s clean and green reputation and strong biosecurity and quarantine protocols.
The visit was the culmination of the Keatings spending a year building key contacts in China.
“There is a very high demand for beef that can be branded and marketed,” Mr Keating said.
“The significance of the trip is that they’ve seen stock in the flesh and we’ve showed them our property.
“We’ve been able to build more of a relationship.
“We’ve liaised a lot and thrown a lot of figures around in terms of buying and running cattle, slaughtering it, right through to live export, so we’ve been through the whole paddock to plate.
“There are a lot of investors in China watching us.”
Industry experts have confirmed Chinese investors are seeking opportunities to lease local land for cattle production before exporting product to China.