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Power urges Australia to embrace Chinese investment

Fortescue Metals chief executive Nev Power has urged Australians to embrace Chinese investment in Australian agriculture and property to reap the benefits of its proximity to the world’s economic driving force.

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer
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Fortescue Metals Group chief ­executive Nev Power says high-cost iron ore supply in China will continue to come out of the market, but conceded it was happening “much more slowly" than Fortescue had anticipated.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com
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    Original URL: https://www.afr.com/companies/mining/power-urges-australia-to-embrace-chinese-investment-20141029-11dbvq