CEO PULSE: Open the doors to Chinese investment

Business Spectator's CEO Pulse survey has revealed that Australian chief executives feel that now is the time to embrace China. Ignore the China phobia, they say.

Come Wayne Swan; Come Joe Hockey, ignore the China phobia in the community and embrace China as we never have before.

This is the dramatic message from top Australian chief executives to our politicians as conveyed via the Business Spectator CEO Pulse Survey.

Australia was developed by British, American and Japanese capital. Now our CEOs want to turn to China.

Just under two thirds of Australian CEOs want the Chinese to invest in Australia in general but particularly in manufacturing and infrastructure. There is a little less enthusiasm about mining where only 57 per cent of CEOs want to encourage more Chinese capital investment in the sector.

In other words the Australian CEOs want the Chinese to invest in our roads, sea/air ports and energy utilities and integrate our manufacturing with China.

The simple truth is that our manufacturing desperately needs investment. If our institutions will not invest and our managers are too limited in their ambitions then we need the Chinese.

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