20.06.2012 - Australia: Investment fears 'scaremongering', says Emerson
Only a fool would believe Australia's agricultural development could be funded without foreign investment from sovereign wealth funds, according to Trade Minister Craig Emerson. Renewed debate on the Foreign Investment Review Board's (FIRB) $244 million threshold has been sparked with news the Chinese company Zhongfu is interested in buying 30,000 hectares of new irrigation land, to be watered by Australia's largest man-made storage in the Top End...............................................Full Article: Source
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