Queensland open for Chinese business
Jackie Trad has told investors at a meeting in Shanghai on the second day of her trade mission that Queensland is ready to do business and encourages investment.
Ms Trad has briefed senior executives behind some of China’s largest companies and conglomerates, including China Capital Investment Group (CCIG), Tian-Yu Eco-Environment Co Ltd and Hangzhou Songcheng Group Holding Co Ltd.
“Foreign investment is an enormous contributor to Queensland’s continued economic growth and employment, especially in regional areas,” she said.
“This is why we encourage Chinese investors to strengthen our commercial relationship and to explore the many avenues for greater partnerships between Chinese companies and Queensland.
“The Palaszczuk Government’s industrial priorities offer potential synergies with those in China, including the further advancement of renewable energy, resources and mining, tourism, and the health and aged care industries.
“Today I met senior representatives from some of the country’s major construction, infrastructure, energy and renewables, advanced manufacturing and technology businesses and shared with them the opportunities that exist in Queensland.”
CCIG is a Shanghai-based non-Government investment company specialising in investments within China’s mining industry as well as real estate, infrastructure, technology and healthcare.
Among others, it operates China’s second largest nickel mine.
Trade and Investment Queensland’s network in China has the largest footprint of all the Government’s offshore operations with five offices, in Shanghai, Beijing, Chengdu, Guangzhou and Hong Kong SAR, said Ms Trad.
“The bond between Queensland and China across all spectrums of our bilateral relationship is very important to the Palaszczuk Government, and China continues to be an important source of foreign direct investment into Queensland,” she said.
“The strength of our Government-to-Government engagement can be attributed to our Queensland-Shanghai Sister State relationship which is 30 years old.
“During this visit to China we have many important opportunities to showcase Queensland, and to develop existing relationships and build new connections.
“Queensland is open for business and we welcome Chinese business.”
Early results from a near-mine drilling program at MMG Dugald River suggest a wider zinc ore body than originally expected, at relatively shallow dept...