China is far from a major agricultural investor in Australia and owns less than 1 percent of Australian farmland, Shanghai Daily reported Wednesday, citing a Xinhua report. According to research on Chinese direct investment by KPMG and the University of Sydney’s China Studies Center, Chinese investment in Australia’s agricultural sector is only a recent phenomenon. “Our database shows a total of only 10 completed deals, with an accumulated value of US$1.05 billion invested in the Australian agricultural sector since 2006,” Hans Hendrischke of the University of Sydney Business School was quoted as saying. By the end of last year, China was only the ninth-largest foreign agricultural investor in Australia, the report said.
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