Main­lan­ders own .38% of Aussie farm

China Daily (USA) - - BUSINESS -

Chi­nese in­vestors hold just 0.38 per­cent of Aus­tralia’s agri­cul­tural land, said Scott Mor­ri­son, Aus­tralia’s trea­surer, on Wed­nes­day, cit­ing a re­port which he said should al­lay con­cern among Aus­tralian vot­ers that the Asian na­tion is buy­ing up farm­land on a mas­sive scale.

A to­tal of 13.6 per­cent of agri­cul­tural land is held by in­ter­na­tional in­vestors, with 52 per­cent of that owned by UK in­vestors, Mor­ri­son said, cit­ing the first re­port from the Agri­cul­tural Land Reg­is­ter. The US is the next big­gest holder, fol­lowed by the Nether­lands and Sin­ga­pore with China fifth.

“China is still well down the list”

Liu Yu­jing,

20,ju­nio­ratNorthChina Univer­si­ty­ofTech­nol­ogy growth from last year in China— and Poke­mon Go, the lo­ca­tion­based AR game, be­came a global hit — the mar­ket had been ex­pect­ing to see Ap­ple spread its wings. of Ru­mors­for­eign linked in­vestors,to Ap­ple’s Mor­ri­son fu­ture said VRin a strat­e­gySky News ap­peared tele­vi­sion on­line in­ter­viewand drewtheon Wed­nes­day. in­dus­try’s The at­ten­tion in­for­ma­tionas in CEOthe re­portTim Cook “in­forms com­ment­edthe qual­i­tyon the of de­ci­sion-mak­ing (in the Aus­tralian govern­ment), it in­forms the qual­ity of pol­icy-mak­ing and it in­forms, hope­fully, the qual­ity of the de­bate,” he said.

The govern­ment or­dered the cre­ation of the Agri­cul­tural Land Reg­is­ter last year amid wide­spread con­cern that Chi­nese pur­chases of agri­cul­tural land had been in­creas­ing unchecked in Aus­tralia, the tech­nol­o­gy­de­vel­oped world’s pub­licly, most which China-re­liant­was in­ter­preted econ­omy. as a sign Ap­ple was aboutA sur­veyto ex­tend re­leased­into theby the AR sec­tor. Syd­ney­based But the think “OneMore­tank Lowy Thing” In­sti­tute part fo­rof the In­ter­na­tionalevent, de­scribed Pol­icy as in Junethe com­pany’s showed 87 per­cent tra­di­tional of dis­clo­sure re­spon­dentsof a trend were or against in­no­va­tive al­low­ing ideas for­eign­that will com­pa­niesbe im­ple­ment­edto buy Aus­tralianin its farm­land. prod­ucts, was not Aus­traliashown in also the tight­ene­dend. scru­tiny for sell­ing farm­land to Chi­nese, Ja­panese and South Korean buy­ers last year, by re­quir­ing pur­chases of land worth A$15 mil­lion ($13.3 mil­lion) and over to be screened for ap­proval. Amer­i­cans don’t need per­mis­sion for sim­i­lar deals un­der A$1.1 bil­lion.

Mor­ri­son, who in April ve­toed a Chi­nese-led group’s bid for the iconic S. Kid­man & Co cat­tle ranches that Peo­ple span tend1.3 to per­cent­think thatof the Ap­ple coun­try’s won’t land dis­close mass, any said de­tail­son Wed­nes­dayun­til it’s ful­lythat Aus­traliaready to do has so. the right to act in the na­tional in­ter­est.

“There’s noth­ing wrong with Aus­tralia ex­er­cis­ing its sovereign right to de­cide whether there can be agri­cul­tural land sold to for­eign in­ter­ests,” Mor­ri­son said.


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