China unhappy at levels of investment in Australia
Updated
China is not satisfied with the level of its foreign investment in Australian companies. China's Ambassador to Australia says there are many opportunites beyond the mining sector where cooperatiion should be expanded.
His Excellency Zhang Junsai believes the role of state-owned companies is misunderstood but he's comfortable with the Australian government's foreign investment review process. State-owned Chinalco's plans to increase its shareholding in Rio Tinto is currently waiting the necessary Australian government approval.
But investment is not the only issue irritating the Chinese. Mr Zhang is at pains to press the point that China poses no threat, economically or otherwise, to any other country.
Presenter: Karon Snowdon
Speakers: Chinese Ambassador to Australia, Zhang Junsai; Geoff Baker, Managing Director of China Time, Inc.
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