Australian Consulate-General, Guangzhou
Media Release PD27/07 Date: 17/8/2007
$315 billion and rising – foreign direct investment into Australia up by 11.3% in 2006
FDI inflows from China increased by 428 per cent
Australia's global appeal as an investment destination continues as the total stock of foreign direct investment (FDI) rose 11.3% during 2006 to A$315.47 billion, according to the most recent data from the Australian Bureau of Statistics.
"Total investment inflows during 2006 increased substantially, reflecting Australia's growing stake in the world economy," Henry Wang, Invest Australia's Greater China Senior Investment Commissioner said.
"Key investment drivers have been Australia's economic performance, political stability and proximity to Asia," he said.
"Australia is now in its 16th year of uninterrupted economic growth. The OECD forecasts Australia’s economic growth to be 3.3% in 2007 and 2008, well above a forecast average OECD growth rate of 2.7%.
In 2006, FDI stock from China reached A$550 million, with $306 million of FDI inflows from China during the year. Combined China-Hong Kong FDI inflows totalled A$1.9 billion in 2006. Total FDI stock from China and Hong Kong now stands at $5.1 billion. Total investment stock from China and Hong Kong in 2006 was A$41.9 billion, up 24.9% on the previous year. With total investment from China and Hong Kong combined, the country group was Australia's fourth largest source in 2006.
For further information, contact Ellen Chen, Public Affairs Officer on（020）3814 0183.