Australia is concentrating on attracting even more Chinese investment with a newly established special trading district called the Southern Special Economic Zone with management that is made up of Chinese-Australians.
China is the fifth-largest export destination of products leaving Australia.
Three Chinese companies have already set up operations in the zone, including a plant established in Cootamundra. Zone officials actively pursue Chinese investment by offering a variety of preferential policies for investors. According to Philip Ruddock, the Australian minister for Immigration and Multicultural Affairs, Chinese businesspeople are some of the most frequent business visitors to Australia. Authorities of the Southern Special Economic Zone have planned a road show in China in an attempt to attract even more investment, the story said.