Head of PWC Asia predicts a Chinese investment boom in 2014 as the National Development and Reform Commission of China plans to open its regulations for deals worth less than $1.1bn. China's mergers and acquisitions in Australia jumped by 34 per cent in 2013 to $8.5 billion which was the highest level since 2009. China's investment in offshore markets may top $550bn in the next five years.
Australia is expected to be a major beneficiary of Chinese investments in 2014 reports the International Business Times.
The significant investor visa has already drawn some $325 million from some 65 Chinese millionaires who had qualified for the scheme. Their investments went to state government bonds, specific infrastructure and property investments mostly in Victoria and NSW.
Eyeing the potential influx, Realestate.com.au has launched a Web site specially targeted for the Chinese people. The web site was created to "facilitate property transactions" for the 46,000 properties listed, reports the IBTimes.
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