tickleandrose wrote on May 11
th, 2020 at 2:05pm:
Wait, how much water was bought and for what function. As Brian said, they are not going to truck the water back to China. So, it could be two reasons.
1. They have their privately owned farms that needed to be watered. In which case, they are allowed to buy their allocation.
2. They may be holding it as an investment, like many other international companies are doing. So offsell in periods of drought.
This is a problem created by the government who privatized water in the first place.
1. they can buy our water without owning any land.
2. They are buying our water for an investment alright.
Don't our politicians know that the Chinese can afford to buy anything they want and are doing so, they only want the good stuff though.
"China is buying up Australian land, infrastructure and businesses at an alarming rate as it seeks to project power and influence beyond its shores.
The communist nation of 1.4billion people owns an airport in Western Australia,
nine million hectares of Australian land, several Aussie coalmines and wind farms and even the Port of Darwin, a key strategic asset.
China is also the largest foreign owner of Australian waterChinese investors have added another 50,000 hectares to their Australian property portfolio, taking the total area of property under Chinese control to more than 9.1 million hectares amid growing concerns over foreign interference and national security.
China is now the second largest investor in Australian land and is within a million hectares of the top landholder, the United Kingdom, as Canberra moves to tighten controls over foreign investors.
The amount of Australian farm land owned by Chinese interests has surged tenfold in the past year, climbing above 14 million hectares or 2.5 per cent of all agricultural land.
The findings from the Australian Tax Office's Agricultural Land Register, released this week, show the UK and China are the largest owners of foreign-held land in Australia, owning 27 per cent and 25 per cent respectively.
The amount of Australian farm land owned by Chinese interests has surged tenfold in the past year, climbing above 14 million hectares or 2.5 per cent of all agricultural land.
The findings from the Australian Tax Office's Agricultural Land Register, released this week, show the UK and China are the largest owners of foreign-held land in Australia, owning 27 per cent and 25 per cent respectively."
If anyone has been to or seen footage of real estate auctions in Sydney or Melbourne they would see 8 out of 10 attendees are Chinese, they are snapping up everything they can get their hands on.
They can piss off and take their virus with them.