This in the Australian Financial Review this morning (Australia time)
The paper citing a survey of more than 1300 global CEOs released by PwC on Tuesday
- After a year of rising trade tensions and slower Chinese growth, only 17 per cent of Chinese CEOs now said the US was one of the most important markets for their growth prospects - sharply down from 59 per cent in 2018 - while Australia was rated as pivotal by 21 per cent of Chinese bosses, the largest single percentage of any country.
- "CEOS are diversifying their bets away from the United States towards a broader array of markets. Australia seems to be the principal beneficiary; not even in China's top 10 last year, it has risen to the number one destination for Chinese investment," the report said.
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Huh. Australia is a market less than a tenth the size of the US, so good luck with that.
But, for Australia, this is big news (if such a surge of investment comes to pass)
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