What is China buying in Australia? | CNBC Explains

China's massive investments in Australia are showing little signs of slowing down. CNBC's Uptin Saiidi explains why.

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[janlim]

What is China buying in Australia??

Australia.

[mildntender]

Lack of government control on foreign investors, that's what happens when a nations own politicians are sold out and highly corrupt.

[zvvcydn]

Well, can’t fully blame the Chinese for this situation. Blame the folks that are selling all these property and land for the old mighty dollar.

[andrewwalton]

As an Australian I can honestly say the situation is much much worse! The middle class is the new poor. Your pay only gets your bill's and rent paid. You either have to be a millionaire to survive in Sydney, or be lucky enough to have a property owned outright that was handed down to you. Most people in there 30's in Sydney share a rental property with 3 or 4 people, the rest would still live with there parents because you can't survive from the cost of living. Melbourne is almost as bad. Our governments ruined this country for under the table deals and now we are picking up the pieces.

[kitkat-bpho]

Not to mention there are 160000 Chinese students paying 4 to 5 times the tuition fee of a local students to study in Australian universities.

China is making Australia rich

[balihang]

if you guys hate them so much, why are you selling your goods to them?? either dont sell your product or stop complaining

[hexagonview]

The only reason Australia on paper is performing well is because its being supported by chinese investment. The average Australian is suffering greatly due to this foreign investment. Cost of living sky high. The NSW government is only in a good financial state because almost every asset has been sold. Its like renting your house out just so you can boast about the income you make every week while having nowhere to live. It will all come crashing down eventually :(

[benjifrater]

Absolutely everything mentioned in this video is also happening in New Zealand

[paperbags]

It's funny it takes American news networks to cover this story and not Australian networks...

[shoppinmadnesz]

*don't feel bad Australia. it's happening all over Canada & US too. house prices are skyrocketing and pushing even the middle class to move out - all because politicians are too greedy and turning a blind eye for money*

[Youneedalex]

A lot of people love saying America doesn't mind their business but nobody call out China's increasing influence.

[stevejurgens]

The Chinese satellite state formerly known as Australia.

[patjorgensen]

The same thing has been happening in Canada. When investors buy, the price of real estate goes up. The bottom line is what is the most important in this world. Money and greed.

[yesiamarussianbot]

Our government needs to be held accountable for their treason to the people of Australia.

[ericwei]

lol wtf how can Australia be putting its infrastructure (electric grid???) for sale?

[amywheelwright]

Same story in all (*currently*) white Commonwealth countries, Canada, Australia, New Zealand, you name it.
Tell your government to toughen up immigration rules and crack down on money laundering like the Nordic countries if you don't want this to continue.
Otherwise, you can't blame the Chinese for spending their money and paying taxes in your country.

[Mikelubuya]

Can you do a video on Chinese investment in Africa

[kimharris]

Well from a Indigenous perspective I suppose at least China is buying Australia .
Not stealing Australia like the English did back in 1778.
At the end of the day the world is changing from a contemporary perspective .
Goods move, people move, and cultures wether we like it or not eventually change.
The world through globalisation is becoming smaller and smaller.
Xenophobia causes fear and fear leads to division.

What is the issue, as long as people respect each other, and the country they walk on.

It is amazing how people respond and forget the history of people movements.

[ryanyan]

Why is China buying Australia?
China: because we can!

[joeyy]

Very amusing. But the truth is, Australia has all the rights to say no to Chinese investment, and government and business owners chose not to.