Sino-Australian ties

Published: 04 Nov 2009 10:02:01 PST

The raging controversy in Australia over the Chinese investment into its resources sector will not derail bilateral trade and investment relations, according to an Australian official who was attending an investment fair in Beijing.

The two-day China Overseas Investment Fair, designed to help Chinese investors find investment opportunities around the globe, concluded Wednesday.

"We recognize that China needs the resources to fuel its continued economic growth. Australia has a complementary interest in expanding its capacity to supply these resources," Jim Murphy, executive director, Markets Group, the Australian Treasury.

Since the Rudd Government came to office in November 2007, it has approved some 110 Chinese investments, he said.

Agencies

Explore the World, Understand China!
Please log on www.gloaltimes.cn