October 11th 2008

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Articles from this issue:

CANBERRA OBSERVED: Australia's debt party is well and truly over

EDITORIAL: US financial meltdown worsens ...

ECONOMIC AFFAIRS: Why Congress has been wary about Wall Street bailout

EDUCATION: Radical left-wing agenda in store for our schools

DEFENCE: ADF now stretched to the uttermost

ASIA-PACIFIC: China's power projection in Fiji

NATIONAL AFFAIRS: Concerns over Chinese investment in WA mining

OPINION: Taiwan's olive-branch to Beijing

DEVELOPING COUNTRIES: Small farms offer solution to world food shortages

BIOFUELS: Ethanol home-brew kit on sale

WESTERN AUSTRALIA: WA Nationals opt for partnership, not coalition

VICTORIA: Abortion bill cannot enforce gestational limits

ABORTION: Painfully taking the life of the most defenceless

OPINION: Scientism as the new fundamentalism

AS THE WORLD TURNS: British postage stamp honours Hitler admirer / Old and sick have a duty to die / Economics divorced from morality / The everyone-on-your-own society / Decline of male breadwinners

LETTERS: Evidence for global cooling disputed (letter)

BOOKS: ORIGINAL SIN: A Cultural History, by Alan Jacobs


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Concerns over Chinese investment in WA mining

by Patrick J. Byrne

News Weekly, October 11, 2008
The federal government needs to set new rules for Chinese investment in Australia's resources sector, WA's premier has warned. Patrick J. Byrne reports.

WA's new Liberal Premier, Colin Barnett, has warned that Australia risks losing control of its economic development unless it sets new rules for investment from China.

"Australia could be overwhelmed by the weight of Chinese investment," Mr Barnett told The Australian (September 30), just prior to the Council of Australian Governments (COAG) meeting in Perth last week.

"I am not trying to discourage Chinese investment. Chinese investment is welcome. But I believe Australia as a whole needs to agree on the rules of the game with this Chinese demand.

"I think we do need to make sure we do keep it manageable, that we don't lose control of our own economic development, in other words."

Mr Barnett said there was a major difference between how China is investing now and how Japan was investing in Western Australia's resources sector decades ago.

"What's repeatedly emerging is that China has taken a very aggressive role in the share market which is quite different to what happened with Japan," he said.

- Patrick J. Byrne

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