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Author Topic: Chinese money changing face of Australia’s land Back to Topics
doeslayersr

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Message Posted: Dec 10, 2012 7:01:24 AM

GUNNEDAH, Australia — Tony Clift’s family has plowed the rich black soil of Australia’s Liverpool Plains for six generations. The thought of selling never crossed his mind — until a Chinese company came to town.

Shenhua Watermark Coal offered to buy farms at unheard-of prices. The decision wasn’t easy, Clift says. His pioneer ancestors settled the land in 1832. But farming is a business nowadays, and selling his 6,500 acres made business sense.

Visit The Marietta Daily Journal for full article
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heydano67
Champion Author California

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Message Posted: Dec 11, 2012 3:06:56 PM

Don't we have plenty of coal to sell them if they want it?
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ziyulu
Champion Author Austin

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Message Posted: Dec 11, 2012 1:21:43 PM

Does not meet submission guidelines...

Select articles relevant to GasBuddy members
News should be relevant to our members in the U.S. and Canada.

[Edited by: ziyulu at 12/11/2012 1:22:50 PM EST]
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jrs4125
Champion Author Indiana

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Message Posted: Dec 11, 2012 7:21:34 AM

ok
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leemun
Champion Author Utah

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Message Posted: Dec 11, 2012 1:02:32 AM

Not a very patriotic thing to do, was it?
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ExplorerWA
Champion Author Washington

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Message Posted: Dec 10, 2012 10:55:52 PM

Hurt them economically...........buy American.
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peakkeller
Champion Author Colorado Springs

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Message Posted: Dec 10, 2012 11:35:36 AM

Trade-in farms for coal mines.
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SycamoreISU
Champion Author Indiana

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Message Posted: Dec 10, 2012 11:11:06 AM

Who needs to invade a country when people are willing to sell out?
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LostInNY
Champion Author New York

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Message Posted: Dec 10, 2012 10:20:52 AM

Everybody's interested in $$$, nobody's looking at the bigger picture!
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LilRedWagonIN
Champion Author Indiana

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Message Posted: Dec 10, 2012 10:11:24 AM

Australian farm land lost to the Red Chinese dreadnought.
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fora_7
Champion Author Montreal

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Message Posted: Dec 10, 2012 10:02:52 AM

Yeah, that's the new reality
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endymion
Champion Author New York

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Message Posted: Dec 10, 2012 9:24:13 AM

It's happening here, too.

Arab oil money has been buying Disney, ABC, Citibank, etc. for many years.
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Goatroper
Champion Author Dallas

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Message Posted: Dec 10, 2012 9:06:41 AM

Ours too.
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TripleHs
Champion Author Austin

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Message Posted: Dec 10, 2012 9:06:17 AM

they are everywhere
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Gas_Eyes
Champion Author Dallas

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Message Posted: Dec 10, 2012 8:57:43 AM

The Chinese have a lot of money to invest.
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badbonita
Champion Author Syracuse

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Message Posted: Dec 10, 2012 8:37:21 AM

It really is a hard decision to make - especially in today's economic climate.
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cucamongacurtis
Champion Author San Bernardino

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Message Posted: Dec 10, 2012 8:17:38 AM

China will use its cash around the globe to buy up assets.
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ironbox_sara
Champion Author Albany

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Message Posted: Dec 10, 2012 8:17:34 AM

Beware.
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bluebird1
Champion Author Toronto

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Message Posted: Dec 10, 2012 8:15:47 AM

It's not just Australia, since China now has all the money to buy things. Look at Canada with large Oil investments in tar sands & more and now gov't has given OK for Chinese gov't to buy biggest Oil venture in Canada ever - with the note that other gov'ts need not apply as this is a 'once only' deal...so China wins twice!!
The XL pipeline may be 'too much, too late' as more oil goes to China. The pipeline to BC coast will be first to flow,even though started yrs later ----mark my words!!!!
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Eagle3236
Champion Author Missouri

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Message Posted: Dec 10, 2012 8:02:49 AM

This isn't the only thing they are buying. We need to get a handle on our economy ASAP. We should have built the Keystone pipeline days ago!
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molebaby96
Champion Author Tallahassee

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Message Posted: Dec 10, 2012 8:00:24 AM

They buy Florida and drill for oil.
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molebaby96
Champion Author Tallahassee

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Message Posted: Dec 10, 2012 7:58:03 AM

Maybe they can buy Kentucky and West Virginia.
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sabre75
Champion Author Florida

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Message Posted: Dec 10, 2012 7:53:17 AM

Ok, we are next.
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pscamp
Champion Author Ottawa

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Message Posted: Dec 10, 2012 7:52:13 AM

Yikes!
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Night Owl
Champion Author Toronto

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Message Posted: Dec 10, 2012 7:47:54 AM

Canada is selling out to the Chinese too.
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merlinCO
Champion Author Colorado

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Message Posted: Dec 10, 2012 7:46:18 AM

Chinese own big chunks here but not much farm ground.
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OHIO50
Champion Author Denver

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Message Posted: Dec 10, 2012 7:45:19 AM

Big decision to take the money.
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listerone
Champion Author Boston

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Message Posted: Dec 10, 2012 7:45:19 AM

he says. “I’m very, very sad to see how everything’s turning out for the next generation; we’ve seen the best of Australia and I think it’s only going to deteriorate from here on.”

Right on the money!
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listerone
Champion Author Boston

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Message Posted: Dec 10, 2012 7:43:57 AM

Australia will come to regret the day that China came knocking.
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tiride54
All-Star Author Illinois

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Message Posted: Dec 10, 2012 7:43:01 AM

Selling out to the Chinese is always a great plan for your future.
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Jeeputtputt
Champion Author Ohio

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Message Posted: Dec 10, 2012 7:28:31 AM

chinese money = "Made in AMERICA"
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dabayer
Champion Author New Hampshire

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Message Posted: Dec 10, 2012 7:25:07 AM

Why are foreigners allowed to own real estate in the first place??? THAT'S the problem!
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bar1035
Champion Author Charlotte

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Message Posted: Dec 10, 2012 7:23:43 AM


George Clift, 83, who refused to sell, is upset that his cousin Tony did.

“You’re supposed to hand it down to the next generation, so if you’re not going to do that, you shouldn’t have been handed the land in the first place,” he says. “I’m very, very sad to see how everything’s turning out for the next generation; we’ve seen the best of Australia and I think it’s only going to deteriorate from here on.”

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humblepie
Champion Author Toledo

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Message Posted: Dec 10, 2012 7:22:45 AM

at least someone has money and a real plan
we used to but not any more im afraid
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SUNOIL
Champion Author Toledo

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Message Posted: Dec 10, 2012 7:07:19 AM

They are starting to buy up Toledo too. It's called investing and looked at as good for us.
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Tacodan
Champion Author Cincinnati

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Message Posted: Dec 10, 2012 7:03:41 AM

You Yen some you loose some !
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gcalleja
Champion Author Miami

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Message Posted: Dec 10, 2012 7:03:11 AM

They're going to own us too.
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doeslayersr
Champion Author Illinois

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Message Posted: Dec 10, 2012 7:02:21 AM

It will not be long before the same thing is happening here.
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