Quote:
Originally Posted by Omaroo
Good to know Rob. Exactly what do the Chinese have planned for it then? I haven't been following the whole story to date, only snippets. It's probably even a silly thing for me to comment given that.
|
Cheers Chris - I'd suspect they want to make money out of it!
Their purchase includes an existing legal and sanctioned water right (no matter how ridiculous we think it is - our fault, not theirs) but that's all. They can't take more (is there more?) and they can't take the water back to China!
I suppose my point is that this is just global business. We invest in other countries, other countries invest in us, for all sorts of reasons. When we invest in other countries, our investments operate under the laws of that land, not ours. Australia probably punches above its weight in foreign investment, particularly in the resources sector. And it's not all good news because developed countries like us often pick soft targets where slack laws or administration allow us to exploit people and commit environmental rapine in pursuit of the holy dollar. Err, off soapbox now...
Cheers -