http://www.theaustralian.com.au/business/property/chinas-greenland-holdings-snap-up-sydney-city-apartment-site/story-fn9656lz-1226863672526#
CHINESE investment into the local residential market is not likely to slow down anytime soon, as the state-owned Greenland Holdings Group has snapped up a North Sydney site for an apartment development worth more than $200 million.
The Chinese behemoth -- which last year had global revenue of $55 billion -- beat Harry Triguboff's Meriton Apartments, which also made an aggressive play for the site.
Greenland also outbid Meriton for a site with residential development at Leichhardt in Sydney's inner west that The Australian reported last week was purchased for about $47.5m.
Greenland managing director Sherwood Luo last year said the group planned to invest $1.5 billion in Australian property this year.
It is understood that the North Sydney property, which was previously an industrial site at 225-235 Pacific Highway, was sold to Greenland for about $58m. The site has approval for the construction of 190 residential apartments as well as a retail component. It was sold by industrial investment group Ford Land Company.
The agents involved, Knight Frank's Andrew Drury, Peter Krieg, Brett Burridge and Dominic Ong, declined to comment.
The move comes as a federal parliamentary inquiry into the amount of foreign investment into Australian residential real estate was launched this month to investigate whether foreign investment is directly increasing the supply of new housing and bringing benefits to the local building industry and its suppliers.
China is the largest foreign investor in Australian residential property, with buyers spending $5.4bn last financial year, according to Credit Suisse. Last year, 18 per cent of Sydney's new apartments and 12 per cent in Melbourne's were purchased by Chinese buyers, Credit Suisse said.
The head of the parliamentary inquiry, Liberal MP Kelly O'Dwyer, has been forced to deny that the inquiry is anti-Chinese.
Asian developers have been particularly active this year as they cash in on the high demand for residential property. Prices grew nationally last year by close to 10 per cent, with Sydney leading the way with 14.5 per cent growth.
Singapore developer Far East Organisation has purchased two Sydney CBD office buildings, 54 Park Street and 227 Elizabeth Street. Both have the potential to be converted to apartments.
Chinese-backed group Auswin TWT bought the headquarters of gaming company Tabcorp, in the inner city, with a plan to build 250 apartments on the site. Greenland last year purchased the former headquarters of Sydney Water. It has plans to build a $600m residential tower and hotel.
A Chinese group associated with the Visionary Investment Group has approached the owners of a block at the southern end of Sydney's CBD in the hope of acquiring a residential site.
Saturday, May 31, 2014
Monday, May 26, 2014
The Population Replacement Agenda Ramps Up !
We are told foreign investment is "Wonderful" and brings jobs to Australia, we just weren't told that the jobs were for foreigners and not unemployed Australians.
Where are the Unions on this ?
Maurice Newman, Chairman of the Prime Ministers Business Advisory Council, calls it like it is.(Australian 27.5.14) "We have two million unemployed people in Australia, the bulk of whom are on welfare and stressed households that will not cope with the burden of a few hundred extra dollars a year to pay out", he said today in the Australian.
Why are we bringing in foreigners and refugees and setting up jobs exclusively for them at tax payers expense and discriminating against our own unemployed and young people ?
Maybe it's alright for people who smoke cigars or people winking at elderly sex workers ?
Let's hope Enoch Powell's prediction for the U.K isn't realised in Australia, "the streets will run red with rivers of blood", referring to this very situation.
http://www.dailyadvertiser.com.au/story/2300878/jobs-attracting-new-migrants-to-wagga/?cs=148
From ERROLL NO-NO.
Firstly, the Headline to the above article 'suggests' that long-standing Residents of Wagga enjoy "Full Employment", and that there remains a surfeit of jobs resulting in the "Need" to bring Migrants here to fill those jobs.
Regarding the new Immigration Support Agency, it is always re-assuring to know that we have Professionals with Specialised Training to enable them to effectively serve the Tax-paying Public.
Ms Boatwright's expertise is in Immigration Law and she heads the new Immigration Support Agency, "Australian Migration Options", ie, as an "ADDITIONAL" Immigration Assistance Office.
How many of these Immigration Assistance Offices do we have HERE - and elsewhere across Australia ??
How much does Federal Government lavish upon these previously non-existent, but now PERMANENT And EXPANDING "Services" for newcomers whilst they simultaneously and savagely curtail Services for our Pensioners and our Dis-employed Youth???
With such tight Budget constraints, how can Government afford all these "Support Agencies" ??
Miss Boatwright commented that "Wagga (is) an attractive destination for migrants because of the city's 'ECONOMIC OPPORTUNITIES'". She, being an 'Expert' in ONLY 'Immigration Law', and having arrived in town 'only five minutes ago', would scarcely be capable of personally making an accurate assessment of Wagga's 'Economic Opportunities' . But, anyway, WHAT "ECONOMIC OPPORTUNITIES" ??? And FOR WHOM ???
You see, Ms Boatwright is speaking of "Economic Opportunities"/JOBS "EXCLUSIVELY"....... FOR MIGRANTS and REFUGEES !!! She says her office was opened "on the back of INCREASING NEED for migrant legal services as big employers seek to fill job vacancies".
We ask, "Have ALL of these Job Vacancies been advertised in Local and Regional newspapers, and at Regional Centrelink Offices ???"
She goes on to state that "HUNDREDS of newcomers" will be coming to fill job vacancies. Again, we ask, "Will all of those jobs continue to be UN-ADVERTISED and UN-AVAILABLE TO AUSTRALIANS ???"
I suggest that Federal Government has not set up and funded these "Immigration Support Agencies" simply for "HUNDREDS" of Newcomers, but for untold "THOUSANDS", for a long term, and all to the disadvantage of Resident Australian Citizen Job-seekers. Indeed, Ms Boatwright herself implies that as "Wagga becomes more multicultural" there will be even more immigrants in Wagga.
Now, when all presently existing job vacancies are filled at all existing established businesses, where will the ON-GOING "HUNDREDS" and THOUSANDS of newcomers be employed ???
Government's plans are NOT ONLY to "MULTICULTURE" Wagga's present "Demographic make-up" out of existence, but to destroy the Riverina "Food Bowl" and UN-LEASH THE MINING PLUNDER !!! THAT'S the reason behind setting up such Immigration Support Agencies as Ms Boatwright's !!!! THAT'S where the "HUNDREDS" and THOUSANDS of continuing newcomers will be employed.
The above article quotes Ms Crain of the "Multicultural Council of Wagga" as PROCLAIMING that, " WE'RE A RESETTLEMENT AREA" !!! Is that so ?? WHO DECIDED THIS ?? WERE WAGGA CITIZENS CONSULTED ???
I have not noticed thousands of Wagga Residents, INCLUDING THE UN-EMPLOYED & DIS-EMPLOYED, on the streets "EMOTIONALLY CLAMOURING" for Wagga to become "MORE MULTICULTURAL", and a "RESETTLEMENT AREA", and for newcomers to be ferried in by Government, BACKED UP WITH GOVERNMENT SUPPORT AGENCIES "ON THE GROUND", to take jobs which have been DENIED TO EXISTING AUSTRALIAN RESIDENTS !!!
Furthermore, we can soon expect revelations of some decided "Hanky-Panky" by certain Local employers who "favour" the immigrant workers, and it is indeed "Remarkable" that, just "CO-INCIDENTALLY"(?), these LAVISH Government Immigration "SUPPORT" facilities are PROSPERING certain SHADY, "DISCRIMINATORY" Employers !!!
But, of course, there's NO "CONNIVANCE, and NO "CONSPIRACY" here, is there !!!??? It is truly just a remarkable "Blessing" that Government wheels in all the newcomers in OPPORTUNE time to fill the many UN-ADVERTISED JOBS.
Whenever there's SKULLDUGGERY afoot, the politicians will ALWAYS "GET IT 'RIGHT' ".
With Government providing the "INFRA-STRUCTURE" to MONOPOLISE AUSTRALIAN RESIDENTS/CITIZENS OUT OF EMPLOYMENT (and simultaneously STARVING MANY FOR 6 MONTHS), are we in fact observing a not so subtle "POPULATION REPLACEMENT PROGRAMME" right before our eyes, but nicely 'glossed over' in the name of "Multiculturism", filling UN-ADVERTISED job vacancies, and providing "Humanitarian" treatment of Refugees ???
Are we going to "Multiculture" all Wagga's long-standing Residents and Youth, right 'out of town' ???
We would not expect any helpful input from our State Liberal Member, Mr "China First" Maguire, who, I understand is once again visiting Communist China. With his past history of interest in the mysterious Chinese Trade Centre, one could not expect any interest from him in Local Youth DIS-EMPLOYMENT.
Then there's our Federal Nationals MP, Mr "Riverina First" McCormack, Secretary to the Minister for Finance.
In this issue, we haven't noticed any "RIVERINA FIRST-ING" activity from Mr McCormack. Possibly he's too busy helping his dear wife to prune their Roses.
Like Joe Hockey, he blames the Australian Community for the National Budget problems, and like Joe Hockey, he thinks that all of our Out-of-Work Youth are bludgers, and cares not that he has consigned many of them to Starvation and desperate measures. But, thankfully, Mr McCormack on his fat-cat salary and perks is "ALRIGHT JACK" !!!!
Anyone ever seen Mr McCormack dip his hand in his pocket or get out there to do something REAL for his struggling and desperate Constituents ???
And whilst our ever-so-compassionate Government continues showering "HUMANITARIANISM" upon the NON-CITIZEN "REFUGEES" - "NEWCOMERS" - we note from the Federal Budget that AUSTRALIAN CITIZENS DO NOT QUALIFY FOR "HUMANITARIAN" Treatment !!! No, sir !! They only qualify to PAY TAXES !!!
So, Really, Mr McCormack, your Self-appointed titular appendage, "Riverina First", should be replaced by "FOREIGNERS FIRST" !!!
YOU say that tough decisions had to be made. Well, how about some corresponding "tough decisions" to significantly reduce GREEDY, SELF-INTERESTED politicians' Salaries, Perks, Pensions and Superannuation ?? Or is it that, once again, these matters are sacrosanct - you people are "special and above the rest of us" ??? In this latter matter, you should adopt the title of, "ME FIRST !!!".
And, how about ADMITTING THE SCURRILOUS, DIRTY LITTLE Scheme which is clearly afoot here ??? AND ALSO, let's have the truth about your Government's SQUALID INTENTIONS to turn the Riverina into a Mining Waste-land FOR THE BENEFIT OF OTHER NATIONS !!!!
"RIVERINA FIRST" - INDEED, Mr McCormack !!!
http://australiafirstparty.net/illegals-and-457-visa-scabs-get-preferential-work-recruitment-in-rockhampton/
Where are the Unions on this ?
Maurice Newman, Chairman of the Prime Ministers Business Advisory Council, calls it like it is.(Australian 27.5.14) "We have two million unemployed people in Australia, the bulk of whom are on welfare and stressed households that will not cope with the burden of a few hundred extra dollars a year to pay out", he said today in the Australian.
Why are we bringing in foreigners and refugees and setting up jobs exclusively for them at tax payers expense and discriminating against our own unemployed and young people ?
Maybe it's alright for people who smoke cigars or people winking at elderly sex workers ?
Let's hope Enoch Powell's prediction for the U.K isn't realised in Australia, "the streets will run red with rivers of blood", referring to this very situation.
http://www.dailyadvertiser.com.au/story/2300878/jobs-attracting-new-migrants-to-wagga/?cs=148
AN IMMIGRATION lawyer has praised Wagga as an attractive destination for migrants because of the city's economic opportunities.
It is expected hundreds of newcomers will take advantage of an additional immigration assistance office -Australian Migration Options (AMO) - which provides legal advice to people from non-Australian backgrounds.
AMO manager Jessica Boatwright said the office was opened on the back of "increasing need" for migrant legal services as big employers seek to fill job vacancies.
"There's a lot of job opportunities in Wagga ... Tey's (the abattoir) for example can't fill the jobs that they have," she said.
"People come from overseas to fill these jobs."
Multicultural Council of Wagga manager Belinda Crain said humanitarian settled refugees are filling a large proportion of those jobs.
It is understood up to 70 per cent of Tey's workforce comes from a culturally diverse background, with up to 30 per cent of culturally diverse employees being refugees.
"We're a resettlement area," Ms Crain said.
"It's really interesting - the migrants want to stay."
Ms Boatwright said, as Wagga becomes more multicultural, demand for support services would rise as immigrants seek to navigate a "complex" web of immigration law.
"Immigration law is a very specialised area of law that is constantly being updated," she said.
"A lot of these people don't have a thorough grasp of the English language."
She said immigrants could be slugged hundreds of dollars to just to fill out one form.
"If you don't get it right, you've wasted your money," she said.
"That's why we've had specialised training so we know what we are reading ... so you can imagine what it's like for a person without a thorough grasp of English."
From ERROLL NO-NO.
Firstly, the Headline to the above article 'suggests' that long-standing Residents of Wagga enjoy "Full Employment", and that there remains a surfeit of jobs resulting in the "Need" to bring Migrants here to fill those jobs.
Regarding the new Immigration Support Agency, it is always re-assuring to know that we have Professionals with Specialised Training to enable them to effectively serve the Tax-paying Public.
Ms Boatwright's expertise is in Immigration Law and she heads the new Immigration Support Agency, "Australian Migration Options", ie, as an "ADDITIONAL" Immigration Assistance Office.
How many of these Immigration Assistance Offices do we have HERE - and elsewhere across Australia ??
How much does Federal Government lavish upon these previously non-existent, but now PERMANENT And EXPANDING "Services" for newcomers whilst they simultaneously and savagely curtail Services for our Pensioners and our Dis-employed Youth???
With such tight Budget constraints, how can Government afford all these "Support Agencies" ??
Miss Boatwright commented that "Wagga (is) an attractive destination for migrants because of the city's 'ECONOMIC OPPORTUNITIES'". She, being an 'Expert' in ONLY 'Immigration Law', and having arrived in town 'only five minutes ago', would scarcely be capable of personally making an accurate assessment of Wagga's 'Economic Opportunities' . But, anyway, WHAT "ECONOMIC OPPORTUNITIES" ??? And FOR WHOM ???
You see, Ms Boatwright is speaking of "Economic Opportunities"/JOBS "EXCLUSIVELY"....... FOR MIGRANTS and REFUGEES !!! She says her office was opened "on the back of INCREASING NEED for migrant legal services as big employers seek to fill job vacancies".
We ask, "Have ALL of these Job Vacancies been advertised in Local and Regional newspapers, and at Regional Centrelink Offices ???"
She goes on to state that "HUNDREDS of newcomers" will be coming to fill job vacancies. Again, we ask, "Will all of those jobs continue to be UN-ADVERTISED and UN-AVAILABLE TO AUSTRALIANS ???"
I suggest that Federal Government has not set up and funded these "Immigration Support Agencies" simply for "HUNDREDS" of Newcomers, but for untold "THOUSANDS", for a long term, and all to the disadvantage of Resident Australian Citizen Job-seekers. Indeed, Ms Boatwright herself implies that as "Wagga becomes more multicultural" there will be even more immigrants in Wagga.
Now, when all presently existing job vacancies are filled at all existing established businesses, where will the ON-GOING "HUNDREDS" and THOUSANDS of newcomers be employed ???
Government's plans are NOT ONLY to "MULTICULTURE" Wagga's present "Demographic make-up" out of existence, but to destroy the Riverina "Food Bowl" and UN-LEASH THE MINING PLUNDER !!! THAT'S the reason behind setting up such Immigration Support Agencies as Ms Boatwright's !!!! THAT'S where the "HUNDREDS" and THOUSANDS of continuing newcomers will be employed.
The above article quotes Ms Crain of the "Multicultural Council of Wagga" as PROCLAIMING that, " WE'RE A RESETTLEMENT AREA" !!! Is that so ?? WHO DECIDED THIS ?? WERE WAGGA CITIZENS CONSULTED ???
I have not noticed thousands of Wagga Residents, INCLUDING THE UN-EMPLOYED & DIS-EMPLOYED, on the streets "EMOTIONALLY CLAMOURING" for Wagga to become "MORE MULTICULTURAL", and a "RESETTLEMENT AREA", and for newcomers to be ferried in by Government, BACKED UP WITH GOVERNMENT SUPPORT AGENCIES "ON THE GROUND", to take jobs which have been DENIED TO EXISTING AUSTRALIAN RESIDENTS !!!
Furthermore, we can soon expect revelations of some decided "Hanky-Panky" by certain Local employers who "favour" the immigrant workers, and it is indeed "Remarkable" that, just "CO-INCIDENTALLY"(?), these LAVISH Government Immigration "SUPPORT" facilities are PROSPERING certain SHADY, "DISCRIMINATORY" Employers !!!
But, of course, there's NO "CONNIVANCE, and NO "CONSPIRACY" here, is there !!!??? It is truly just a remarkable "Blessing" that Government wheels in all the newcomers in OPPORTUNE time to fill the many UN-ADVERTISED JOBS.
Whenever there's SKULLDUGGERY afoot, the politicians will ALWAYS "GET IT 'RIGHT' ".
With Government providing the "INFRA-STRUCTURE" to MONOPOLISE AUSTRALIAN RESIDENTS/CITIZENS OUT OF EMPLOYMENT (and simultaneously STARVING MANY FOR 6 MONTHS), are we in fact observing a not so subtle "POPULATION REPLACEMENT PROGRAMME" right before our eyes, but nicely 'glossed over' in the name of "Multiculturism", filling UN-ADVERTISED job vacancies, and providing "Humanitarian" treatment of Refugees ???
Are we going to "Multiculture" all Wagga's long-standing Residents and Youth, right 'out of town' ???
We would not expect any helpful input from our State Liberal Member, Mr "China First" Maguire, who, I understand is once again visiting Communist China. With his past history of interest in the mysterious Chinese Trade Centre, one could not expect any interest from him in Local Youth DIS-EMPLOYMENT.
Then there's our Federal Nationals MP, Mr "Riverina First" McCormack, Secretary to the Minister for Finance.
In this issue, we haven't noticed any "RIVERINA FIRST-ING" activity from Mr McCormack. Possibly he's too busy helping his dear wife to prune their Roses.
Like Joe Hockey, he blames the Australian Community for the National Budget problems, and like Joe Hockey, he thinks that all of our Out-of-Work Youth are bludgers, and cares not that he has consigned many of them to Starvation and desperate measures. But, thankfully, Mr McCormack on his fat-cat salary and perks is "ALRIGHT JACK" !!!!
Anyone ever seen Mr McCormack dip his hand in his pocket or get out there to do something REAL for his struggling and desperate Constituents ???
And whilst our ever-so-compassionate Government continues showering "HUMANITARIANISM" upon the NON-CITIZEN "REFUGEES" - "NEWCOMERS" - we note from the Federal Budget that AUSTRALIAN CITIZENS DO NOT QUALIFY FOR "HUMANITARIAN" Treatment !!! No, sir !! They only qualify to PAY TAXES !!!
So, Really, Mr McCormack, your Self-appointed titular appendage, "Riverina First", should be replaced by "FOREIGNERS FIRST" !!!
YOU say that tough decisions had to be made. Well, how about some corresponding "tough decisions" to significantly reduce GREEDY, SELF-INTERESTED politicians' Salaries, Perks, Pensions and Superannuation ?? Or is it that, once again, these matters are sacrosanct - you people are "special and above the rest of us" ??? In this latter matter, you should adopt the title of, "ME FIRST !!!".
And, how about ADMITTING THE SCURRILOUS, DIRTY LITTLE Scheme which is clearly afoot here ??? AND ALSO, let's have the truth about your Government's SQUALID INTENTIONS to turn the Riverina into a Mining Waste-land FOR THE BENEFIT OF OTHER NATIONS !!!!
"RIVERINA FIRST" - INDEED, Mr McCormack !!!
http://australiafirstparty.net/illegals-and-457-visa-scabs-get-preferential-work-recruitment-in-rockhampton/
Monday, May 19, 2014
Australia The 34th Province Of China
THE PROPOSED CHINESE THEME PARK, WYONG,
CENTRAL COAST NSW
DECEITFULLY CONCEIVED IN THE CORRIDORS OF CORRUPTION
ANOTHER CHAPTER
IN THE PLANNED OVER-THROW
OF THE AUSTRALIAN NATION
BY ITS "ELECTED" LEADERS -
EVERY ONE A JUDAS !!!
A MALODOROUS "FANFARE" ??
Amidst all of the fanfare surrounding the announcement of the proposed "Chinese Theme Park" (CTP) near Warnervale, there is a foul odour emanating from the New South Wales Central Coast - a stench of real rottenness. Wyong Mayor, Doug Eaton and his "clique" are "in it up to their necks".
YOU WILL HAVE THIS THEME PARK !! WE HAVE DECIDED!!!
We note that the residents of Wyong were never asked if they wanted this monstrosity in their Shire. Eaton and his collaborators arbitrarily made that decision without any public consultation. It was conceived in secret. This "Theme Park" will simply be IMPOSED upon the people !!
DOING IT THE "LIBERAL WAY" !!
Mayor Eaton claims that he is an "independent", but he was in fact the Liberal Candidate for Dobel in the 1996 Federal Election, and is a well known identity in the "Inner Circle" of corrupt Liberal, Chris Hartcher. Mayor Eaton now finds himself embroiled in the Liberal "Election Donations Scandal" (‘Eightbyfive Slush Fund’), as a direct result of the company he keeps. Mayor Eaton has connections; Eaton referred his friend and Liberal stooge, Ray Carter (Hartcher's long term staffer) to a "business man", who, Eaton said, would give him a "donation".
http://www.smh.com.au/nsw/mayor-linked-to-donations-scandal-20130930-2uou6.html
Mayor Eaton himself is listed on the ICAC website as promising to donate between $40,000-00 and $60,000-00 to the Liberal Slush-Fund (but he's an "Independent", right ??!!) There is also the matter of Mayor Eaton offering to pay expenses for two Directors of Central Coast Mariners Soccer Club to accompany him to China. Was this at the expense of Wyong Rate-payers?? Who ULTIMATELY PAID those expenses, and what was the REAL purpose behind that trip ??
http://www.smh.com.au/nsw/mayor-linked-to-donations-scandal-20130930-Zuou6.html
Since these revelations have come to light, the Independent Commission Against Corruption (ICAC) has uncovered a network of corruption and deceit on the Central Coast involving the local Liberal "clique" and other would-be players. It doesn't end there for Mayor Eaton. There is also the highly suspicious matter of the Wyong Chinese Theme Park.
ONCE AGAIN WITH THE ANGLE, "IT'LL BE GOOD FOR NSW !!"
After the signing of the "sale of land agreement" with the Chinese (December 2012), Mayor Eaton said, "What this proposal will do, is turn the Wyong Shire into a tourist Mecca and bring millions of dollars worth of tourism into the area. Outside the Opera House and Harbour Bridge, this has the potential to be among the biggest tourist attractions in the state". We say that Mr Eaton's reference to the Theme Park as a "Tourist Mecca" is dis-information at best, or just a full-blown "Con", and that the Theme Park will initially be mainly an entertainment centre for numerous new Chinese residents who will move into the Wyong area, and thousands of Chinese students attending the nearby new University.
Mr Eaton also said there was "interest" in the Council's concept for an Airport and the establishment of an "International" University at Warnervale. (Will the "Philosophy" of "Globalism" or "Communism" be at the heart of the "Curriculum" ??) "This is very much in the planning stage, but we are talking about 7,000 Students, both local and International, and Staff of 1,500", he said. ("AUSTRALIAN" Staff ???) Eaton does not eveal the interested, mysterious "international" Investor, but like the Orlando Theme Park, the Wyong Theme Park, and the Wagga Wagga Chinese Trade Centre, the Government of Communist China will have a controlling hand "on the tiller". Very handy for a foreign government to have a University and its own airport in Australia.
The reader will of course realise that the Theme Park, the Airport, and the University, ALL being "FOREIGN INVESTMENTS", will pay NO TAX, and thus Australian Government Revenue will be less even though, in the general scheme of things, these enterprises will directly and indirectly benefit from various Government services which are paid for by the AUSTRALIAN TAXPAYER. All of this is "GOOD FOR AUSTRALIA, RIGHT" ?? Truly SOUND "Economics" !!! Additionally, don't expect many Aussies to be employed there. Most employees will be brought in from China.
Mr Bruce Zhong, Chairman of the Australia Chinese Theme Park Pty Ltd (ACTP Pty Ltd), said, "The park would provide between 1,500 and 2,000 jobs." (Mark Johanson, ibtimes 3.12.12).
We would ask Mr Zhong and Mayor Eaton, "Jobs for whom ?"
"REMARKABLE" PARALLELS WITH THE FAILED "CHINESE TRADE CENTRE" AT WAGGA WAGGA, NSW.
We've heard all of this before, in Wagga Wagga, during the Chinese Trade Centre fiasco, and we know how that turned out - a complete flop when the players were exposed as IMMIGRATION FRAUDSTERS and identities involved in the Joel Fitzgibbon Affair. We wonder why Joel Fitzgibbon is still Federal member for Hunter after he was dumped as Defence Minister for his involvement with Chinese government spies, receiving gifts, dodgy "donations", trips to China and accommodation from these Chinese "developers" and Government Agents? (It's beginning to look as though these types of "Ventures" can't get "off the ground" WITHOUT the involvement of CORRUPT AUSTRALIAN POLITICIANS !!!) NOTE that these same "players" also offered "political campaign support" for some Councillors on Wagga City Council. See: http://www.dailyadvertiser.com.au/story/1639973/chinese-whispers-aired-at-council/
OVER 100 QUESTIONS put forward by concerned citizens of the Wagga Wagga community about the would-be "Chinese Trade Centre" project STILL REMAIN UN-ANSWERED.
WE'LL GET MORE ANSWERS FROM EATON, WON'T WE ??
Are the grandiose statements made by Wyong Mayor Eaton regarding the proposed Chinese Theme Park in Wyong to be believed? When we analyse an identical type of project in Orlando, Florida, USA, AND when we review the mysteriously un-answered questions concerning the failed Chinese Trade Centre at Wagga Wagga, we would think NOT !!
(See: Wyong Shire Council webpage "Chinese Theme Park, some facts".)
Ultimately, how many UN-ANSWERED QUESTIONS can we expect from Mayor Eaton and his collaborators ?? And, what ??? No Theme Park "Public Relations Committee" ??
ANOTHER "PARALLEL" !! "SPLENDID CHINA" THEME PARK.
This project was originally an idea of Josephine Chen, a Taiwanese-American school teacher and Real Estate Developer. It was neither her idea nor intention that "Splendid China", a Chinese Theme Park for Orlando, Florida USA, was ultimately going to be a Communist Chinese Agency. Chen negotiated a deal with CTS, controlled by the Overseas Chinese Affairs Office and the China National Tourism Administration in 1989. The agreement was that Chen was to supply the land and management services and the Chinese government would construct the building, supplying labour and building materials. In 1993, one week before the Theme Park was to open to the public, CTS bought out Chen, assuming full control.
COMMUNIST CHINA'S GOVERNMENT TAKES CONTROL
Chen then saw that it was clear that they intended the Theme Park was to serve as a vehicle for Communist China's propaganda. When the Theme Park opened, it was immediately met by protestors, including Buddhist Monks.
In 1995, the Pinellas County, Florida School Board voted to ban trips to the "Splendid China" Theme Park. In March 1996, at the eleventh demonstration against Chinese Communist Party propaganda relating to certain exhibits, five college students sat down and closed the front gate of the Theme Park, while a large crowd of demonstrators watched. In April 1996, the Representative Assembly of 1996 Florida Teaching Professionals-NEA State Conference in Orlando, passed a resolution to ban personal or school trips, by its members, to "Splendid China" Theme Park. The resolution passed overwhelmingly.
In October 1997, the brother of the fourteenth Dalai Lama of Tibet (Takster Rinpoche), attended the twentieth demonstration at the Theme Park to commemorate the 48th anniversary of the takeover of Eastern Turkestan. In March 1998, the Orlando Sentinel reported that Citizens Against Communist Chinese Propaganda asked US Attorney General Janet Reno and the US Department of Justice to investigate "Splendid China" for violation of the Foreign Agents Act.
In May 1999, it was reported that the Splendid China Theme Park was losing 9 million dollars a year and was deemed to be a commercial failure. Some forty six Chinese nationals working at the Theme Park requested political asylum in the U.S, claiming that they were being held at the Theme Park against their will. In November 2000, the Orlando Business Journal reported: "Amid allegations of financial mismanagement, the former president (Sunny Yang) of the Splendid China Theme Park, has been sent back to China."
In December 2003, the Theme Park closed. Since then the Theme Park lay in a state of disrepair, as vandals, thieves, arsonists and undesirables made it their playground. The property passed through several owners and in 2013 was bulldozed by "new owners", a U.S "based" development company, who are said to be building apartments on the site.
MAYOR EATON !! THE QUESTIONS BEGIN !!
Of course Wyong Mayor Eaton knows the history of the Chinese Theme Park in Orlando. And surely his Liberal mates have informed him of the fate of the Chinese Trade Centre at Wagga Wagga !! So, what's the REAL STORY in Wyong ?
Mayor Eaton would have us believe that Packer's Barangaroo Casino plays into the equation. We say, indeed it does, but not for the reasons Mayor Eaton states. Mayor Eaton tells us, "The idea is the Chinese will come to Sydney to shop and play the Casinos, then make a short trip to Wyong to visit the Chinese Theme Park which pays homage to their home culture".
Please, Mr Eaton ! Enough with the deceptions !!
Why would high rolling gamblers from China want to go to a Chinese Theme Park 80kms away from the casino?
Why would people want to see a Panda exhibit with no Pandas?
How, practically speaking, does Mayor Eaton propose getting hundreds of people from Sydney to Wyong and back - EVERY DAY and NIGHT - to keep the Theme Park viable?
How will the Chinese Theme Park benefit local residents of Wyong?
How will the Theme Park benefit the Shire of Wyong?
If this so-called Chinese Theme Park is to be a true display of Chinese culture, will we see exhibits of the "Cultural Revolution-Red Guards" with the grizzly "executions" by mobs on the street, Cheng Guan (Council "Cops") clubbing poor street pedlars to death on the street, Uighurs and Tibetans being brutalised, live organ harvesting from non-consenting Falun Gong members, forced labour camps, torture and executions, fleets of Communist China's EXECUTION VANS ?
Perhaps the Communist China Government will proudly admit that this Theme Park is actually funded from the proceeds of their lucrative Organ-Harvesting "Programme" involving the murder of thousands of Falun Gong.
COMMUNIST CHINA GOVERNMENT WILL BE IN CHARGE.
We also note the Chinese Foreign Affairs Office and Office of Overseas Affairs are involved in the Wyong Theme Park, just like in Orlando Florida. In fact, the Chinese Travel Bureau will set up shop at the Wyong Theme Park. The real "theme" to this park is a Communist Chinese Command Centre, for espionage, recruitment of "Agents", and other Chinese government operations. It will have links to other Chinese operations around the nation, the Chinese Embassy in Canberra (operation central) reporting to and taking orders directly from -Beijing. We note the "Communications Interests" 'attached' to this venture. And we look forward to perusing the detailed Plans - Architectual Drawings - and Specifications of the complex when they are APPROVED.
THE SUB-HUMAN OPPRESSION OF COMMUNIST CHINA.
Since the Chinese Cultural Revolution first began, people have been and continue to be persecuted, tortured, humiliated and murdered by the Communist China Regime. The situation in Tibet, the issue of the Falun Gong prisoners of conscience , the Uighur people and the persecution of Christians – are all cases of Chinese repression. Currently in China, a "Production line" of LUCRATIVE live organ harvesting (Murder !!) from thousands of non-consenting "Donors" (per year) continues, churches are being demolished, and forced labour camps of Torture and Organ-Harvesting are the order of the day. There are 36 such Camps. It is a highly organised HOLOCAUST !!! We question the "Thanksgiving Temple" exhibit at the proposed Wyong Theme Park, as to how it fits with this culture ? It sure is an ambitious "propaganda" exercise, but propaganda is not the ultimate and entire goal here. And WHY the interest in dealing with such a repugnant, sub-human regime ??
A PRETEXT SHIELDING THE INTENTION TO MASSIVELY POPULATE WYONG THROUGH TO SYDNEY WITH CHINESE PEOPLE.
This is about the acquisition of land and transforming Australia into a Chinese state. Mayor Eaton and his ilk don't care, as they are all too willing to assist. They have money on their minds for themselves via future high paid jobs courtesy of the "investors" they assist now, just like Eric Roozendal, Bob Hawke and many other Australian politicians. It matters not if they are Liberal or Labor, as both are the self-seeking running dogs of the Chinese. After all, Corruption, Greed, Betrayal and Treachery ARE the "Hallmarks" of today's Australian politicians.
We say, you won't get the clamouring crowds Mayor Eaton's propaganda suggests, because that is not what this is really about. The Wyong Chinese Theme Park is another farcical sham, seemingly a growing trend amongst cashed up Chinese State Agents and greedy, treacherous Australian politicians.
Many of these whiz-bang "developments" are situated in areas of rapidly growing acquisitions, by the Chinese, of residential areas and other lands and "investments" around the nation. Once the Chinese take hold of residential areas in numbers, Australians will never occupy those areas again. Those "captured areas" will become China cities. This is a key factor in the location of this Chinese Theme Park at Wyong. We predict that the Chinese who come to Wyong will not be tourists, but permanent residents, as they buy up local real estate, just as we see happening in Sydney and elsewhere, pricing all others out of the market by inflating the price of residential properties. This explains the mega theatres and bars slated for the Theme Park. It is to accomodate the soon to be millions of new Chinese residents.
The sceptics may care to Google "China Cities in USA". http://www.dailymail.co.uk/news/article-2518571/Mysterious-proposal-build-Americas-China-City-Upstate-NY.html Whilst browsing on those websites, there are "interesting" comments posted including some from Americans living and working in Mainland China. Your "Politically-Correct" Complacency may be in for a severe jolt, because we are witnessing the groundwork for a "China Cities" beginnings here in Australia, filled with Mainland Chinese replete with their "delightful" characteristic Mainland "behaviour" !!! Do ENJOY !!!
WHEN THE CHINESE BECOME THE GOVERNMENTS OF AUSTRALIA - LOCAL, STATE, AND FEDERAL - IT'S "BYE-BYE AUSSIE".
When the Chinese "take over" the Wyong area, the Shire Council will be wholly Chinese. Then their numbers will ensure that the State MPs and MLAs for that State Electorate, will be Chinese. Not much later, the Federal MP for the Electorate, will also be Chinese. Extend this pattern to all the areas around Australia where they've chosen to settle in hordes, and their "influence" in all levels of Government multiplies. How many short years do we have before they ARE the State Government and the Federal Government ?? Can you imagine an easier form of invasionary take-over ?? And tomorrow will you still vote for the treacherous political Parties who, with malice aforethought, premeditated and facilitated this Treason ??
When the Chinese BECOME the Governments of Australia, "their" 34th Province,
1). It will be Communist China in charge, ruling through its stooges in Australia ?? After all, consider how much of our wealth-producing assets and territory China, by then, will have bought, AND also the, by then, hordes of Mainland China Citizens in Australia who'll happily serve "Mother China". Thus, how long would it then take for China to announce that it had taken possession, remove our Flag and hoist their own, announce that the National Language will be Mandarin, and wheel in its Military hordes ??
2). Do you think we'll fare any better than the Tibetans, the Uighurs, the Falun Gong, Christians, and un-wanted babies in "benevolent" Communist China ??
I can hear the worn-out echo of the treacherous politicians' refrain, "This will be good for Australia !!"
More to the point, how many short years will it be before the European Australian AND the Koori WILL NO LONGER BE EVEN A MEMORY ?? There is no longer the luxury of time to dither or to ignore this problem.
THE CHINESE THEATRE OF "FUNNY FRONT-MEN" ENGAGED TO OPEN THE CITY GATES FOR GENGHIS KAHN.
We make note of an interesting pattern that is forming:- All of these so-called Australian listed companies (Chinese investors, developers) are vehicles for Chinese Imperialism, frontmen to acquire assets for the Chinese government. These are not private businesses, because the Chinese Communist Regime hand picks these Agents. All these "companies", these so called private investors, list their company with ASIC for a specific purpose or operation in mind, yet none of these companies are long standing. They are "Johnny-come-latelys" designed to serve the intended immediate purpose. In the case of the Australia China Theme Park Pty Ltd, it was previously known as the 'Australian Chinese Cultural Foundation' (ACCF) - a Propaganda "Front". The people behind the Wyong Theme Park scheme changed their name from ACCF and registered with ASIC as ACTP Pty Ltd for the specific purpose to act as the Agents and front men on behalf of the Communist Chinese government. In typical Communist style, ACCF served as a propaganda arm for the Chinese government and enlisting agents on the local scene. Their mission complete, they move on to the next phase. This is not a benign, or private investment; it is to be another acquisition of the Communist Chinese state. Mayor Eaton said, "The developers were Australian based Chinese, but they will raise money through government support in China". Mayor Eaton is compliant with this DEVIOUS deception. With him, it's "Buyer beware"............all the way !!
ANOTHER "STAMP OF CHINESE OWNER-SHIP" OF "THEIR" 34TH PROVINCE - AUSTRALIA !!
ACTP Ptd Ltd (formerly ACCF), want to dismantle a 300 year old Ming dynasty building in China and reassemble it at Wyong. One of the Directors and Secretary of ACTP Pty Ltd Amanda Li said: "It will become Australia's oldest building". That should confuse future archaeologists and help to re-write history. Indeed, that has already happened in Young in NSW. The traitor class promote all of this subversion to the extent of re-writing Australian history. The history of Lambing Flat Uprising at Young, has this year been re-written so that it is now to be remembered as a "celebration" of Chinese culture. Australians know that this is not what the Lambing Flat Uprising was about. This is just the start. These political prostitutes – like Mayor Eaton and associated collaborators - are aiding and abetting the Chinese regime to take over Australia, and to deceitfully "condition" Australians to accept this Treachery. Why? They are intoxicated by imagined power, and by greed; they have scant regard for Australians or Australian heritage. Like all Con-men, they believe that they are smarter than their would-be victims. These traitors intend to assist the Chinese State to make Australia the 34th Province of China.
An observation concerning the 300 year-old Ming Dynasty building :- This is obviously the property of the Communist China State, and possibly a priceless piece of antiquity. Realistically, could anyone imagine that the Communist China State would frivolously put this into the possession of ANY overseas Business ??? Businesses collapse, amalgamate, get taken over etc, and who knows WHO precisely winds up in possession of the assets ?? Clearly the company involved in the promotion of the Theme Park is a temporary "Front", and ultimately the real owners of the Theme Park will be revealed to be the Communist China Government. ONE MORE PIECE OF AUSTRALIAN TERRITORY CEDED TO COMMUNIST CHINA.
POLITICAL TREASON AGAINST AUSTRALIA'S SOVEREIGNTY DISGUISED AS "GOVERNMENT POLICY".
For those with eyes to see, it is well past the time when the improper actions of individuals involved in these and similar seedy ventures be brought before an appropriate "Authority". How much more evidence do Australians need in order to satisfy them that ventures such as this Theme Park and indeed many other Foreign "Investments"(?) are slowly enacted "Policies" deliberately designed to defraud Australians out of the wealth and wealth-producing assets of their Country, and their Sovereign ownership of Australia ??
At what "Referendum" did Australians agree to the progressive mass occupation by Chinese or other Foreigners, and or to the sell-off of Australia's territory and wealth-producing assets to non-citizens and to Foreign Governments ??
Similarly, when did Australians agree to Globalism - indeed, when was it ever fully explained to them ??
And when did Australians ever agree to the pernicious "Policies" devised to deliberately drive our Businesses and Industries "Off-shore" ??
It is crystal-clear that we have gone from being almost entirely self-sufficient as a Nation, to being now in an almost complete state of dependancy, and our politicians now work tirelessly to place the rest of Australia's wealth-producing assets into Tax-exempt foreign hands whilst simultaneously punishing our Youth, Pensioners and Battlers because they, the politicians, have killed off the very Revenue-base which would have supported all government services and programmes.
Others who tried to warn us about these matters years ago, were ridiculed, by the politicians and media, and held to be "Conspiracy Theorists", and the general public happily went along with that.
There's no denying now, that the earlier warnings were correct, for we now exist in the disastrous circumstances summarised above, thanks to the real and dedicated Conspiracy of our major Political Parties across more than 4 Decades, and thanks to the vast numbers among the public who continued to vote these traitorous Parties into office.
Try laughing when eventually the "new-comers" own everything, when they overwhelm us with their numbers, when they are effectively the "Government", and when we or our Sons and Daughters have NOTHING, are DESTITUTE, and totally at their mercy.
WILL ANY "AUTHORITY" ACT TO ARREST THIS TREASON AND PUNISH THE OFFENDERS ?? NOT LIKELY.
It doesn't take much to review the "Policies" and events which have brought our country to its present woeful state, and it is clearly no mere "accident" that we are now in our present circumstances. That being so, then we are here by "Design", i.e., we are victim of a CONSPIRACY !! Our "Elected Representatives" have Facilitated and Oversee and Manage the acquisition and expansion of Chinese (and other Foreign) "Investments" in Australia to the detriment of Australians and Australian interests.
So, who will stand to save us from the Traitors ?? ICAC, The Australian Federal Police, an Ombudsman, the Governor General, ASIO, ASIC, the High Court, The Federal Attorney General ?? Those persons or leaders of those respective bodies are all Appointed by the Corrupt and Treasonous politicians, so don't count on them to risk their "bread and butter" by doing "the right thing".
And that leaves YOU !!! ALL OF YOU !!!
Vote them OUT of office - ALL of them !!!
If we had an honest Justice system not controlled by politicians, the traitors who have brought our country to its knees would be permanently removed from office with loss of all Pay and Entitlements, have their assets confiscated, have their Australian Citizenship removed, and be jailed for the rest of their lives just to ensure that they don't fall into cosy "Pay-off Jobs" with those whose enterprises they earlier fostered via their corrupt behaviour whilst "in office". In earlier ages of history, such traitors would have been be-headed.
SOME ACTIONS THAT ARE APPROPRIATE.
We would call for the sacking of Mayor Eaton, his supportive Councillors, and the Council Management at Wyong Shire Council.
Similarly, we would call for the removal of all other politicians and Public Servants supporting such other seedy Foreign ventures in Australia as this Wyong Theme Park.
An immediate Inquiry into the ASIC Registration of so-called "Australian-Chinese" businesses should be commenced. The pattern of acting as "front-men" for an enterprise which is going to end up in the hands of or under the control of the Communist China Government, is not acceptable.
Precedent Law should be established to prevent such covert schemes as the Wyong Theme Park and the Chinese Trade Centre at Wagga Wagga.
But don't expect any action from the treacherous politicians who fostered the promotion of such ventures.
THIS "THEME PARK" AND WHAT FOLLOWS, WILL RUIN & DISPLACE FOREVER, THE PEACEABLE AUSSIE NATURE AND COMMUNITY OF PRESENT-DAY WYONG.
We encourage all groups and individuals who have concerns about this so-called Theme Park in Wyong to participate in the resistance against it.
All objectors will not necessarily share the same reasons. That doesn't matter. Add your voice to the clamour.
HOW YOU CAN RESIST.
Put placards up in your front yard and your business premises saying "NO THEME PARK AT WYONG", "EATON - OUT NOW !", "WYONG COUNCIL - ELECTIONS NOW !"
Call Community meetings to generate positive, active community interest in the issue.
Place community advertisements in local media calling for the Theme Park to be scrapped, and the Council to be kicked out.
Swamp the Council with Emails of Protest against this Theme Park.
Hand out leaflets in the street and drop in letter-boxes.
Challenge increases in Council Rates.
Demand the names of Councillors who supported the Theme Park project.
Ostracise the guilty Councillors in the street or where-ever you see them.
Write or Email the Council, air your objections and "invite" them to resign and call an Election.
Ask Mayor Eaton how he expects Rate-payers to trust his judgement and "Integrity" when he's under investigation for Corruption - AND, when he can't even tell the truth about the purposes of the Theme Park, the Airport, and the University.
Discuss the matter with friends and neighbours to generate their support.
Complain on Talk-back Radio, write letters of complaint to Newspapers and to politicians.
Don't accept the glitzy "fob-offs" from media or politicians.
Get involved in street "Protests".
Ignore the "Political-Correctness" intimidation - it's just words, NOT "Law".
At next Election, remember the "Mainstream" Political Parties which fostered the Theme Park.
IN CASE YOU ARE STILL NOT MOTIVATED, THINK ON THIS :-
In the words of Edmund Burke:-
"The only thing necessary for the triumph of evil is for good men to do nothing... When bad men combine, the good must associate, else they will fall one by one, an unpitied sacrifice in a contemptible struggle".
If we fail to resist the Wyong Theme Park project, there will be lots of time, retrospectively, to review the then provable accuracy of the warnings herein.... don't forget to turn the lights out when you leave !
Friday, May 9, 2014
Chinese Imperialism
Andrew Marshall (The Land 10.5.14)
GIANT rural lender the Agricultural Bank of China (ABC) has opened its first southern hemisphere branch in Sydney - a clear indicator of China's future trade and investment ambitions in Australia. Although government-controlled, ABC, also known as AgBank, is publicly listed in Shanghai and Hong Kong after what was the world's biggest ever initial public offering at the time in 2010 - worth $22 billion. It is headquartered in Hong Kong with 24,000 branches in mainland China plus offices in London, Tokyo, New York, Frankfurt, Seoul, and Singapore. It rates as among the top 10 global banks with 320 million retail customers and 2.7m corporate clients. ABC's initial focus in Australia will be to offer wholesale banking services to lenders and investors, with its Sydney branch opening on Monday to provide corporate lending, trade finance, multi-currency settlements, payments and other services. Bank officials said the institution would be building a foundation to expand within Australia and the Asia-Pacific region. It already has a close relationship with Australian investment banker Macquarie Bank which helped underwrite ABC's public float four years ago, during which one cornerstone investor was Australia's Seven Group Holdings. The initial banking team replaces an ABC representative office in Sydney and is set to grow to more than 30 local staff in the next three years, following the local footsteps of China's other big three financial institutions, the Bank of China, Industrial and Commercial Bank of China, and China Construction Bank. NSW Deputy Premier Andrew Stoner said ABC's move into Australia would help encourage more Chinese companies to invest here. "It is a strong signal that China is hearing our message that NSW is open and ready for business," he said. "Bilateral merchandise trade between NSW and China last financial year was valued at more than $27b. "China is our largest trading partner and one of our most important and fastest growing international markets, but the new Agricultural Bank of China's Sydney branch also cements the city's status as a leading financial centre in the Asia Pacific."
While Australia's leading "big four" domestic banks enjoy relatively solid status on the world stage thanks largely to their strength in the local economy and last year's combined profits of $27b, ABC's financial firepower is put in perspective by its recently announced a monster-sized first-quarter profit of $9b. Fortune magazine's Global 500 rates ABC as the world's 64th largest company with total revenues of $US103.5 billion. AgBank of China was recently involved in various seminars and events organised to promote Sydney as a settlement centre for the Chinese currency, the renminbi or yuan. Mr Stoner said Sydney was "extremely well positioned to benefit from growth in the use of the Chinese currency". NSW Trade and Investment had been working with ABC for the past four years to assist with the establishment of the bank's representative office and then upgrade to a branch. AgBank's expansion into Australia continues a gradual trend by Asian lenders in the past five years as European banks reduce their activities after being subdued by the global financial crisis. According to the Reserve Bank of Australia, growth of Asian-owned bank activity in recent years reflected an increasing appetite to expand existing Australian operations as well as establish new footholds for institutions from China and other countries in the region.
http://www.theland.com.au/news/agriculture/agribusiness/general-news/chinese-rural-lender-opens-in-aus/2696923.aspx?storypage=2
GIANT rural lender the Agricultural Bank of China (ABC) has opened its first southern hemisphere branch in Sydney - a clear indicator of China's future trade and investment ambitions in Australia. Although government-controlled, ABC, also known as AgBank, is publicly listed in Shanghai and Hong Kong after what was the world's biggest ever initial public offering at the time in 2010 - worth $22 billion. It is headquartered in Hong Kong with 24,000 branches in mainland China plus offices in London, Tokyo, New York, Frankfurt, Seoul, and Singapore. It rates as among the top 10 global banks with 320 million retail customers and 2.7m corporate clients. ABC's initial focus in Australia will be to offer wholesale banking services to lenders and investors, with its Sydney branch opening on Monday to provide corporate lending, trade finance, multi-currency settlements, payments and other services. Bank officials said the institution would be building a foundation to expand within Australia and the Asia-Pacific region. It already has a close relationship with Australian investment banker Macquarie Bank which helped underwrite ABC's public float four years ago, during which one cornerstone investor was Australia's Seven Group Holdings. The initial banking team replaces an ABC representative office in Sydney and is set to grow to more than 30 local staff in the next three years, following the local footsteps of China's other big three financial institutions, the Bank of China, Industrial and Commercial Bank of China, and China Construction Bank. NSW Deputy Premier Andrew Stoner said ABC's move into Australia would help encourage more Chinese companies to invest here. "It is a strong signal that China is hearing our message that NSW is open and ready for business," he said. "Bilateral merchandise trade between NSW and China last financial year was valued at more than $27b. "China is our largest trading partner and one of our most important and fastest growing international markets, but the new Agricultural Bank of China's Sydney branch also cements the city's status as a leading financial centre in the Asia Pacific."
While Australia's leading "big four" domestic banks enjoy relatively solid status on the world stage thanks largely to their strength in the local economy and last year's combined profits of $27b, ABC's financial firepower is put in perspective by its recently announced a monster-sized first-quarter profit of $9b. Fortune magazine's Global 500 rates ABC as the world's 64th largest company with total revenues of $US103.5 billion. AgBank of China was recently involved in various seminars and events organised to promote Sydney as a settlement centre for the Chinese currency, the renminbi or yuan. Mr Stoner said Sydney was "extremely well positioned to benefit from growth in the use of the Chinese currency". NSW Trade and Investment had been working with ABC for the past four years to assist with the establishment of the bank's representative office and then upgrade to a branch. AgBank's expansion into Australia continues a gradual trend by Asian lenders in the past five years as European banks reduce their activities after being subdued by the global financial crisis. According to the Reserve Bank of Australia, growth of Asian-owned bank activity in recent years reflected an increasing appetite to expand existing Australian operations as well as establish new footholds for institutions from China and other countries in the region.
http://www.theland.com.au/news/agriculture/agribusiness/general-news/chinese-rural-lender-opens-in-aus/2696923.aspx?storypage=2
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