The stricter rules are not surprising since Australia has to protect critical assets, but collaboration with Beijing especially in sectors such as green energy would be unavoidable.
The Asian giant in pumping massive amounts of money into renewables, but that hasn’t halted a huge – and seemingly contradictory – fossil fuel investment plan.
A recent study sheds light on the minimal influence Chinese investors have on the housing market in Sydney, Australia. Housing market impact: The research, conducted by the University of Technology Sydney researchers Xunpeng Shi and Song Shi and published in the Journal of Housing Studies, analyzed the consequences of China's currency control policies implemented in 2017. Prior to these restrictions, it was relatively easy for Chinese investors to move their money abroad, leading to substantial investment in Australian real estate, particularly in Sydney.
This finding – from research Xunpeng Shi and I recently published in the journal Housing Studies – shows Chinese investors have had some effect on local house prices. However, our research also shows the impact has been much less – and less widespread – than many Australians think.