The Chinese Communist Party’s campaign zou chu qa—go global—has made the Australian nation its major target by taking a large and growing chunk of its economy.
When the Americans and Europeans blocked Chinese attempts to acquire major stakes in their resource companies and other strategic industries, China saw Australia’s permissive foreign investment rules as an open door to the country’s assets.
Last year, half of China’s offshore investment of $65 billion was spent on Australia’s assets. Earlier this year, the Chinese communists were reportedly pumping $500 million each week into Australian government securities. Read more.