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China targets dairy industry

Posted on 24 September 2012

China’s giant sovereign wealth fund is looking to make its first significant investment in the Australian dairy industry, as it tries to lock up food ­supplies for its growing middle class. In a potential test case for foreign investment laws, China Investment Corp, which is estimated to have $US190 billion to invest outside its home market, sent four executives to Tasmania this month.
They inspected two large dairy operations in the state’s north which have a combined value of more than $200 million and significant capacity for expansion………………………………………..Full Article: Source

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