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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China buys Australia on the cheap

Posted on 18 February 2009

From Time: Today, almost alone in the world, China’s state-owned companies are still cash flush. Crucially, though, they have learned a basic — and expensive — lesson about investing abroad.

As a result, the ‘Go Out’ strategy has been tweaked. It might now be better called the ‘Buy Low’ campaign, and in one of the markets that Beijing has long had in its strategic sights — Australia’s vast metals and minerals industry — it is now unfolding….. Full Article: Source


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