Real Message Is Clear
Jennifer Hewett writes in the Australian:
Signals matter. There’s no doubt that the Rudd Government has been sending China a warning message on future investments in Australian resources over the past few months.
The trouble is that no one wants to say so openly. To do so would be politically difficult, economically dangerous and discriminatory.
But despite the market consternation and the delays in getting foreign investment approval for some individual investments, the more subtle message from Canberra is still pretty clear.
It is telling Beijing that the Rudd Government has become increasingly concerned about the impact of a wave of Chinese investment in the resources sector.
