How we should deal with China’s state-owned behemoths
Australia is uniquely exposed to Chinese investment, trade and companies owned by the Chinese government. The country needs to think about what kind of relationship it wants for the future.
A motorist lost in the back lanes of the English countryside asks a local the best way to get to London. The latter tries to explain the complications but gives up: “Well, if I wanted to get to London I wouldn’t start from here.”
And so it is with inward investments from China’s state-owned enterprises, a large and now rapidly expanding share of the world economy.
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Adrian Blundell-Wignall writes on the world economy and is a former director of the OECD. He is currently in Paris.
