| China Investment Corporation, the country’s US$480 billion sovereign wealth fund, is looking to invest in overseas agricultural businesses. So far, Chinese investments in Australian agriculture have reached a total of A$1.5 billion (HK$10.9 billion) in major announced deals, said said Patrick Vizzone, Asia head of food and agribusiness at National Australia Bank.
China accounted for 3 per cent of Australia’s beef exports in 2012, which soared to 20 per cent by the end of last year............................................Full Article: Source
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