Attractions of Chinese outbound foreign direct investment in Australian commercial properties

Publisher:
Zhejiang University of Technology
Publication Type:
Conference Proceeding
Citation:
Proceedings of the 8th Annual conference of the Global Chinese Real Estate Congress on New Economy, New-Type Urbanization and Sustainable Development in the Real Estate Industry, 2016, 1 (1), pp. 1 - 5 (5)
Issue Date:
2016-07-03
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China’s outbound direct investment (ODI) has soared rapidly in the last decade. Australia is one of the most attractive investment destinations in China’s ODI profile. Recent years, China’s ODI has shifted from natural resources in energy and mining sectors to real estate, technology, agribusiness, finance and health care sectors. This paper investigates the main determinants of China’s ODI in Australian commercial properties, which have aroused little attention in previous studies. Quarterly data sets from June 2002 to March 2015, measured by Australian dollars, of China’s ODI on commercial properties in Australia are used for the testing. The estimated results suggest that investment return and lending rate are the main determinants.
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