What is China buying in Australia? | CNBC Explains
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- China's massive investments in Australia are showing little signs of slowing down. CNBC's Uptin Saiidi explains why.
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What is China buying in Australia??
Australia.
Kangaroo meat and cammal burgers.
why China buy Australia?
because they don't rob
Milk powder
SuperGaming They buy Australian property because no-one wants the millions of empty apartments towers in China. They extend too high into brown smog for one, then they keep collapsing - either because they aren't structurally sound or because the soil is becoming air-borne around the country
Oz sheep
Lack of government control on foreign investors, that's what happens when a nations own politicians are sold out and highly corrupt.
As an Australian I can honestly say the situation is much much worse! The middle class is the new poor. Your pay only gets your bill's and rent paid. You either have to be a millionaire to survive in Sydney, or be lucky enough to have a property owned outright that was handed down to you. Most people in there 30's in Sydney share a rental property with 3 or 4 people, the rest would still live with there parents because you can't survive from the cost of living. Melbourne is almost as bad. Our governments ruined this country for under the table deals and now we are picking up the pieces.
Well, can’t fully blame the Chinese for this situation. Blame the folks that are selling all these property and land for the old mighty dollar.
How about auctions?
@manboobs if you hate us so much, then why are you selling goods to us??? Either tell your government stop selling the products to us OR stop complaining!!!
@manboobs At least china exports neither povertry nor war. We export cheap goods that someone's willing to buy. And we buy things at fair prices with our money. Better than other superpowers.
F.I.R.B.was supposed to prevent foreign buyers from buying second hand houses and driving up prices in established neighborhoods.
So True.
It's funny it takes American news networks to cover this story and not Australian networks...
That's exactly what I've been saying, WTF is going on?
Same goes for the USA some Australian news cover stuff ours won't touch
@@snafukilljoy204 Well I suppose the internet serves some purpose.
Cause the US loves propaganda
@@yousefizziddeann5789 China does not love propaganda.
Because they do not know anything else.
The only reason Australia on paper is performing well is because its being supported by chinese investment. The average Australian is suffering greatly due to this foreign investment. Cost of living sky high. The NSW government is only in a good financial state because almost every asset has been sold. Its like renting your house out just so you can boast about the income you make every week while having nowhere to live. It will all come crashing down eventually :(
I completely agree will you I mean I live with my girlfriend and we rent problem is we really want to buy a house but it’s impossible to buy a house in Sydney I need to leave Sydney into the country side to afford any house
daniel Park get a unit
Yeah I do live in a unit paying $450 a week
daniel Park 哦
i paid 350K for mine at auburn.
But the Chinese investment increase the revenue of Australian government, and thats the reason Australia can afford the high welfare spend and maintain a very high minimum salary (its double compare to USA). No many countries can afford Australian's welfare standard. Australian dont even need to pay money for seeing a GP. Greece, Brazil all collapse.
if you guys hate them so much, why are you selling your goods to them?? either dont sell your product or stop complaining
Problem is the fixed assets. When the Chinese buy lots of houses, they don't freaking live there!! Look at Canada. The inflation rate were so high
I am Australian and I’m fine with Chinese. In fact this video title is so misleading. They should have mentioned Chinese investors and not China as a country.
Insuspected Rulling
I don't know how you get to that conclusion. Actually fix assets are the best assets to sell. Its becomes capital injection to the country and no physical assets is leaving Australia. When Australia sell wool, iron ore and coal those resources really leave Australia. The houses Chinese buy never leave Australia. The Aussies can build many more houses with the money they got from Chinese buyers.
Who's complaining? They're our biggest export market and we have benefited greatly from Chinas rise. Nobody is complaining. As an Australian who just watched this video, it made me excited about our future, not worried.
BluesCreation09 Unlike China Australia is a free market... you know, NOT communist. It would be very hard to do.
Glory to the CCP
china did not do anything to aboriginal. we dont take the blame.
yeah, you basically make them assimilated into your population, killing native men so that Chinese men could breed with native women
Vinh Bảo you are just too low. wasting time talking to someone like you
you are too proud & stubborn to admit historical facts of your nation. China is always perfect in your eyes.
Vinh Bảo every one should have pride in their own country. I love Australia as well . But the rest of Aussie just can not accept China due to the fake news. How many Chinese do you actually know when you start trolling Chinese.
Absolutely everything mentioned in this video is also happening in New Zealand
Benji Frater then let the Maui have their land instead
@@jiusaner the who? Please don't tell me you meant 'Maori'
@@jiusaner New Zealand wasn't a violent takeover. The Māori largely killed each other off in tribal conflicts one settlers gave one tribe firearms and nails. The Māori are not a large enough population to manage the entire landscape of New Zealand nor are they able to maintain all of New Zealand's infrastructure and conservation programs which are largely funded, built and operated by British and European descended Kiwis. The Māori are not compareable to the Native Americans.
Wow. So sad🤣
LOL.. I thought it was only Australia.
*don't feel bad Australia. it's happening all over Canada & US too. house prices are skyrocketing and pushing even the middle class to move out - all because politicians are too greedy and turning a blind eye for money*
The Chinese satellite state formerly known as Australia.
Chaina will be the superpower very soon
@@walalonisha5223 It won't be long...
@@walalonisha5223 they could always dump all the properties at once and crash the market i think that is the goal
A lot of people love saying America doesn't mind their business but nobody call out China's increasing influence.
Very amusing. But the truth is, Australia has all the rights to say no to Chinese investment, and government and business owners chose not to.
Why is China buying Australia?
China: because we can!
Ryan Yan why do that sound sarcastic?
because most of china's people are money hungry and only look out for themselves and their own rich people. for get about the poor. and women. They want to buy up another country even have their language written everywhere in Australia almost and yet not one single English written sign in their country. they don't even allow other nations to buy up their land but will happily do so of others. again selfish.
Ryan Yan : well said 👍
I love that comment
Ryan Yan because successive Govts have allowed it. China is polluted and with a growing population they are looking to expand. Aust and NZ would be ideal. Ardern and Peters signed up to the belt and road....what next.
The same thing has been happening in Canada. When investors buy, the price of real estate goes up. The bottom line is what is the most important in this world. Money and greed.
Can you do a video on Chinese investment in Africa
Michel Lubuya And maybe a video on white robbery in Africa at the same time?
Yes that would be brilliant
are you upset China is pouring billions into your country?
No mate, I'm just trying to learn more. FYI Africa is a continent not a country.
Hi,im chinese,I can provide you some information. At the national level, most of China's state-owned enterprises have branches in Africa, especially those involved in infrastructural projects. We provide loans, all the raw materials and workers are basically from China. The longest railroad in Africa is built by the Chinese Company. At the private enterprise part, businessmen and the rich in Fujian Province in China started to set foot in the African trade market several decades ago. some powerful cellphone manufacturers and TV manufacturers have business in africa. These companies only research and develop mobile phones that are sold in Africa, In the fast-growing smartphone market in Africa, leading companies are not Apple Inc. or Samsung Electronics, but the not-so-famous Chinese company SHENZHEN TRANSSION HOLDINGS LIMITED. The company has won the favor of consumers for cell phone features introduced in the local market.such as Africans who like louder music ，water and drop resistance.
Well from a Indigenous perspective I suppose at least China is buying Australia .
Not stealing Australia like the English did back in 1778.
At the end of the day the world is changing from a contemporary perspective .
Goods move , people move, and cultures wether we like it or not eventually change.
The world through globalisation is becoming smaller and smaller.
Xenophobia causes fear and fear leads to division.
What is the issue , as long as people respect each other , and the country they walk on.
It is amazing how people respond and forget the history of people movements.
The problem u will see soon a communist will never respect others, this is all backed by their gov slow injection of power on to Australia. Soon they will colonise Aussie
When I was in Canada I used to live in an area where there were no less than 15 maternity hostels where you'd see pregnant Chinese women walking around. Apparently women travel from China to the west to have babies so they get the western passport and can use the social benefits of those countries. This a ticking time bomb and going to cause major population friction in the coming years.
There selling the land that isn't theirs
And we love doing it.
Timo Wayne though you don't care just remind you Europe or your native land full of Islamic refugees it is now going to be with Sharia every where turning to be land of Islamic Australia isn't yours
Kelvin nyenza o doyle rules
GMH2016 holden Poor white ex british convicts
Money Maker is that the best u got.. lol
We should be careful on money disposal , if you're not spending to earn or get back money, then stop spending.
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Wow that is awesome, please how can I reach him ?
this makes me depressed watching it
Interesting just goes to show how big and powerful China is .
Can we get a video on what China owns in Pakistan??
Still waiting
They own everything in Pakistan 😀
Pakistani girls are married to Chinese which are later forced to do prostitution in China.
Pakistani girls are top list these days
RIP Australia.
simonewkk Stolen land by British.
Vinod Renz Tibetans can't get what they want self-immolate riots hunger strikes they are so innocent huh? It was hell hole before China they were slaves.
@Wayne Haile, you sound stupid anthropologically!
wildhorse023 The Tibetans have been murdered and tortured by the Chinese since the 1940s. People have the right to do as they see fit in their own country
@@paulocunha3799 cala a boca baba ovo de chinês
Here comes the key question: Is an Australian Chinese a Chinese or an Australian? If she or he is a Chinese not Australian, then what about an Australian European?
Another fact for your reference: UK used to own the whole city center of Shanghai.
We're not America. We don't use ethnic terms when referring to our citizens. We just call them Australian.
Sean CHOW These Chinese people have driven up the price of home prices by more than 250%. They must be allowed to buy only when they give 300% tax on the price on the house. Also, they are culturally destroying Australia by setting up their chow food shops everywhere. They must be banned immediately. Sydney in 2017 was looking like more Beijing with Chinese faces in the crowd outnumbering the whites by 10 to 1.
Subhadeep Sengupta whatever you say, I’m proud to be a Chinese Australian
Jackie Li Hi Jackie. Thanks. This video is targeted towards the Chinese nationals who are buying up a lot of Australian land and dairy and farmlands, funded by the government bank of China. Chinese Australians are Australians only and they are not the problem. Problem is overseas investments funded by very cheap interest rate loans by the People's Bank of China, which is being given to the Chinese Nationals. This needs to be regulated and higher tax must be introduced by the Australian government.
You see where the people are with econmical growth they can buy any where in the world nobody can stop this as an indian i will support this srinivas from andhra pradesh
I like your channel and enjoying learning new things with you. You raised a very good question but the answer (this video) sounds like a middle school project. Information maybe correct but the answer is not complete and very general.
I was expecting to hear the answers on the following questions:
- how much Chinese invested in Australian assets during the last 10-20 years,
- breakdown of investments by industry,
- top 10-20 largest investments with names of Chinese and Australian companies,
- why Chinese invest in Australian,
= what Australian government did and did not do to make it happen?
- What is the share of Chinese investments in Australia compare with other country investors?
- what are the problems and issues with these investments?
Etc..
I hope you will be consider this in your next videos and maybe even do part 2 for this video.
Thank you
Ask Vancouver, Canada how that went...
Are there any more Canadians living in Whitehorse ?
Exactly....went to Stanley park in Vancouver....I felt like the minority....terrible..
Canada needs to expel China!!! Period!!! Bye Bye. This is our land!! Get out!!!
🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦
The love from China for foreign countries is the same as passionate as from Blacks to Whites, and from Whites to Blacks.
China - no more good day mate, its “ni hao ma”
HAHAHAHAHAH BRO BEST COMMENT OF THE YEAR! AHAHAHAHAGAA
Without Chinese investment, I really doubt if Australian economy is able to keep growing.
It seems in the center of Beijing, buying a two bedrooms apartment will cost at least 3m dollars. But in Australia a huge house may just cost less than 1m dollars.
So many chinese comments. Proof that Australia is turning red and yellow.
Little Donkey i think Chinese don't use youtube
Because only Chinese would like to watch the video like this. Not many Australians.
Little Donkey...
Australia is wealthier than USA, just saying.
doody boy no it's not
Puremeth...
Oh yes they do. Per capita these guys got us beat.
They have less debt, free medical and health, easy access to justice and wait for it, guaranteed pensions.
And... their government actually works.
In 2050, their Pensions funds received by everyone - 30 million people will be worth 9 trillion and growing fast!
Makes our 14 - 18 trillion now, for 120 million privileged few seem pathetic really.
Same is the case with Canada ...
CAPITALISM. STOP COMPLAINING, YOU REAP WHAT YOU SOW.
Its extremely difficult for foreigners to purchase property in China so I don't know why countries like the US and Australia make it easy for them to purchase in our countries. China wants to be the superpower of the world and they are going to achieve this if other countries don't wake up.
I totally agreed with this comment, US & Australia makes it easy for chinese to do it, i really have no idea
So what's the point they are making business...I don't see that as a problem
AZIZ MOHD salute. Generally chinese like prosperous. They like money n wealth .
I question are foreigners aloud to buy an own land 100,% in China
Nope. Not one bit
I, as a Canadian, can buy a house in China. They will even loan me some money. No one owns the land, cept the Gov't.
@@ablam8 i think youve been lied too buddy. My friend married to a chinese lady and he had to put it in his wifes name
@@jonathanturek5846 I believe you have to be married, and! , have lived in China over one year.
Australia? You mean New China =D
funny joke mate Australia will always be it's own country
Thant Zaw Win Wow you guys don’t even try to hide that huh...
Thant Zaw Win None will laugh harder than the world when globalism crashes in 2020 and the global financial reset happens. Communist peasants can lick their wounds and reminisce about the west when they've been safely returned to their own home
WTF ,, when will Australians wake up !!! ,,fark me ,,
Australia should adopt foreign laws of leasing or allowing the land to be rented when coming to foreign ownership.But not allowing the land to Bought & owned.
Just have reciprocal rights.
Australians cannot buy and own in Beijing, so why are we allowing them to buy here?
Ironically the USA has bought far far more of Australia than China, as can be seen by some quick googling to access the official Australian statistics on foreign investment.
I find it wierd that people are fixated on the chinese buying properties. But not when they are buying alarmingly steep amounts of public stocks from american and australian companies like apple, telstra, walmart, amazon, google, etc.
Those american companies are not owned by the government, or it's own people but increasingly by foriegn nationals who are also their shareholders. But with property, I guess it's just more visible compared to purchasing shares.
When the american stock market goes up, it's the unnoticed masses of chinese shareholders that get rich and happy.
There is a cap on foreign ownership in Australia for China. Funny it's okay for the English and American companies to dig up all our gold and export it. We do have double standards when it comes to who can exploit us.
It's what happens when you have the worlds most corrupt politicians. Australian politicians hide behind legislation they create, the cowards. Unlike third world countries where they are corrupt to your face.
In Beijing, buying an average two-bedroom apartment can cost 50 years of its citizens' average income.
India will protect to australia...From china
All your fault for being lazy and greedy, selling everything that your forefathers had worked for. I can't stand hypocrites.
The video is OK, but in one shot you guys show the South Korean actor Gong Yoo while mentioning Chinese millionaires' increasing wealth. That's a huge oversight by a reputed news outlet like CNBC. Every East Asian is not Chinese, learn the difference.
3:08 Australia made a smart decision there, but not Malaysia.
Australia should not complain for Chinese takeover of their economy, it’s the prime minister and Australian government to be blame for letting them without limits of foreign ownership in Australia, so nothing to complain, jobs will disagree entirely to the benefits of the Chinese.
I may wake up one day morning and see the Chinese flag flying in some houses during the Chinese national day !!!
Jeez australia, how stvpid can you be.... let the chinese buy properties. Then increase property tax to 20% then exempt the first 200sq.m. per person. Now they're trapped paying taxes! Then watch them scramble to sell their property at a very low price since no one wants to buy it due to the tax. Now price of housing will crash. Rofl!
Just bring in more immigrants. That's why labor won the election in victoria. To fuel more immigrants to fill in Chinese real estates. Guess who funded Andrew Daniels that made him win the state election. I can tell you on wechat, the chinese all vote for labor. Housing therefore will not go down at least not here in victoria. Chinese control victoria. Victoria is fucked for low income victorians.
smart guy
the bubble always created by this way . remember 2008 financial crisis
Can you make a video on what are US sanctions and why all countries are worried about US sanctions
Australians who sell to the Chinese are not being patriotic to their native Country. Greed has surfaced in Australians .
We should be looking to China for inspiration on how to handle our imminent economic downturn. God forbid we grow our middle class too....
I ve been to sydney street it was like walking in Asia, i was surrended by chinese. It was nothing else than an invadion.
how soon till Australia takes back these properties for damages caused by COVID-19 ?
Why are people putting the blame on the Chinese when in fact it is the home-owners and business owners selling at inflated prices to the Chinese. Blame your Australian mates for selling to foreign buyers, that's where blame lies.
US China trade Jan 2020 agreement to double US resource and agricultural exports to China. China is cutting many Australian exports to satisfy Trump's agreement. Keep that in mind.
Not bad. I hope ordinary hardworking chinese people get benefited too out of all this and not just a few billionaires who are close to the chinese communist party.
And the government denies there's a housing affordability
I think people want own property, but in communism state, China, private property is not allowed.
lol
汪鸣骏 political and lies on the internet.
This guy has the best job in World. Travelling all the countries for 5 mins of video and get paid, Awesome!!
there should be laws restricting foreigners of buying land in other countries. specially chinese and qataris
Time for the Aussies to get a Trump of their OWN!!
I’m Vietnamese and I live in Sydney, many families including mine is struggling to buy houses with the constant growth in prices and Chinese Investors, we should start declining citizenship from Chinese people!
What's ur contribution to the Country, huh ? You think white people could distinguish u from other Asian people ?
You people are just jealous 😂
money in the bank earns less than 1% interest. real property return is probably higher than apr. what's wrong with that?
Did they pay tax?did they bring job in the oz?if you need money what you can do? rob or trade?
Jobs are created, economy is developed. Rule based economic development is good for all. In short, peace is good.
Canzuk do a video of the relevance of this compared to what's being said here.
In Melbourne my local Milk Bar is a Pty Ltd Company. The people who appear to own the Milk Bar have no idea how to run a Milk Bar: the shop has no stock snd what few goods are on the shelves are not what customers typically purchase. I wonder if the family who appear to own the Milk Bar are employees of the Pty Ltd Company and, if so, how many more family Milk Bars have been taken over. The corner Milk Bar gave many newcomers to Australia their start in the country and their children went on to become the doctors, lawyers and even politicians.
Question is why are we getting left behind in Australia. Our government has wasted so much money to not achieve anything. There is no infrastructure, the entire state of vic is buckling under the pressure of trying a build a single lane of subway. A project that will take until 2025 to complete! Why in the f should we live so poor here in this supposed first world country. It doesn’t feel right to me
Australian consumers have not cared for there farmers for way to long(I m not talking about the current drought) My childhood was the 80's/90's. Australian consumer did'nt care about "quality" produce just the cheapest. we sent goods to market.
Spend all day picking and packing and send goods off to the market. Dad will get the check for produce and money would'nt even cover the cost of the boxes used to put the goods In.
We use to be a suburb of Small Farmers (20 or so Farmers).
Now there is only 2 Left. We are Surrounded by new construction Homes (70% home owners are Chinese)
Now our best customers are Chinese. They like Quality Produce. We still get that "Straya" Consumer who argues about produce been on special for 99 cents at Aldi compared to our standard of produce.
You reep what you sow Australia, if spent a little bit of money on your grocery instead at the Pub or Casino's Australian Farmers would'nt have to sell to China.
I don't care for the current Baby Formula Saga. Australian Consumer's have had there way for way to long. its good seen a Producer finally doing well.
This is why I love china business not war 👍🏿 China
CNBC, please verify the stat before you post it. According to the australian bureau of statistics, USA is actually the biggest sole origin of entrepreneurial investment. USA/UK accounts for 896.9/481.4 bn AUD in 2018. China(including HK SAR) only invested 181.6 bn AUD.
and you believe those stats from the ABS at this time?
A Country should not sell out to foreigners,
Juju Rellama money buys all when your governments week
Question: Is China buying Australia? Answer: The Australian government and industry sold out when liberals were elected. Welcome to Chinstralia. Are the poor disenfranchised struggling? Politicians don't care, buyers and investors don't care. Crown Casino in Melbourne has become a brothel, so many Asian women go their to connect with the next male gambling. Does the gambler care? Nobody cares right? Sydney and Melbourne have become cities of socially divided people, bereft of a quality life. Working class suburbs have become slums, while the middle and upper classes are laughing at us in contempt with champagne in hand.
Selling our ports - stupidest move EVER!
The music is too loud
Im a Chinese man who wants to give you what you never have ($$) and your willing to sell it. I have no ill intention for anyone, it’s all about money and power. ask trump, he knows.
All of it
Unfortunately money coming in to countries seems to be based upon geographic location and transport costs....to sell to further away countries quality in product needs to go up to convince countries to pay more....in transport and product.
I think Australia should have a wider range of trading partnerships such as India India likely to be the most populated country by 2024
Are u so naive to believe that there is any difference? India, China, USA... what’s the difference.
I would love to see an update on this post THE FLU FROM UNKNOWN ORIGINS
Will be great to see the political and economical challenges facing Myanmar and the trend likely to see in the future. Thxns
Did someone say ‘renting’?
Ok, your lease is up.
Who ever we gives you money controls you!
Most of the australians don't buy houses even if they can afford it. They choose to travel all over the world and spend all their money. Chinese r very particular in property investment. My cousin got his citizenship in Australia about a decade ago. He already had 3 houses. He rented them out. Because that is his *priority* . Ofc there r people that really can't afford. However those australians that refuse to buy a house and only rent get what they deserve
Hi ! Please explain organic food market and vegan diet trend. Thanks.
I dont mind if they Chinese buy our houses HOWEVER if they purchase a house or apartment and leave it empty for years while other struggle to find housing then that needs to stop. The govt needs to do more monitor this. It fucken unfair
Just learned today that China has a 90-year lease on the Port of Darwin - unbelievable - crazy. What are you Ozzies thinking about???
I know this video is talking about Australia, but people from Southeast Asia are also sharing their experiments here. Someone say that all SEA countries, include Vietnam have a very rich Chinese community compared to the locals.
No, it’s not happening in Vietnam. South Vietnam before 1975 had this. But Northern Vietnameses, who are more similar to Chinese in lifestyle reunited the country and erased the wealth Vietnamese Chineses living in Saigon at that time, then slowly replaced them to become the new wealthy people. But it’s safer for Vietnam to not having any rely on Chinese community, unlike other Southeast Asian nations. Some Southern Vietnamese hate Northerners by a same reason as they hated Chinese in the past.
Well, China is buying and investing more in to Australia than England ever did, so instead complaining lets say thanks. TH
At least theyre buying it not killing people
In India also they are doing the same. They are buying raw materials and selling the products in high rates.
at least they're not doing illegally, like, cough, white ppl, cough cough, colonization, cough, and wars in the middle east, cough cough
maybe aborigins are laughing very hard to autralians right now
at least they are paying for the land they didn't just take it.Also they are paying premium prices so what is the problem.I think the bigger problem is that it will hyper inflate prices for the masses and then when the bubble burst they will be first ones to scoop up the properties at a discount.buyer beware.
Need to replay this video today.
Not only Australia!! Everywhere!!
So australia is on sale
so the seller do not get any money?
Need to change the laws to stop buying property only lease it, unless you are a citizen and have residency. Average young Aussies can not get into market.