24.09.2012 - China targets dairy industry
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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