The latest report into Chinese direct investment by KPMG and The University of Sydney’s China Studies Centre – Demystifying Chinese Investment in Australian Agribusiness – provides the facts on the current scale and composition of Chinese large-scale commercial investment into the Australian agricultural and agribusiness sectors.
It analyses the realities facing China's food demand patterns and outlines practical initiatives Australian companies should take to attract more investment.
- Chinese investors may own less than 1 percent of Australian farmland.
- Chinese investment into Australia's agricultural sector commenced only quite recently and has been relatively small – by total value and transaction volume.
- NSW attracted nearly 50 percent of Chinese agribusiness investment, followed by Queensland (40 percent), WA (5 percent) and Tasmania (5 percent).
- Providing premium safe food to China's rapidly growing middle class presents tremendous new opportunities for Australia's food industry going forward.
- While government policy is very important to shape the right platform, real change will come from our agribusiness industry and broader rural communities taking a proactive and pragmatic view on changing mindsets, building stronger relationships and making full use of Australia’s competitive advantages.