Chinese Investment and China

Effie Zahos: Governments are also keen to support the latest wave of Chinese investment, with the mining boom starting to wind down."The Aussie dollar is down, there volatility in the Chinese share market, according to Nine News Australia. But remember, China is still growing, they're looking for a place to put their cash," Money magazine editor Effie Zahos told A Current Affair. With new blocks, new sub-divisions and new suburbs rising from the dirt, Chinese developers now account for nearly half of Australia foreign building investors. Chinese developers are creating large-scale high-density development across Australia. China wealthiest woman, Yang Huiyan, is also behind a $500 million partnership with Mirvac in inner Sydney. In the western Sydney suburb of Parramatta, China 23rd largest public company is building a $550 million development site, with 11 apartment towers. (news.financializer.com). As reported in the news.