China’s rekindled love affair with Australia

As China eases rules around outbound investment, savvy investors are turning back to Australia's resources sector in droves.

At the height of Australia’s mining boom Chinese buyers were scouting the country for mining assets and the Foreign Investment Review Board was flooded with applications. Between 2008 and 2012, the board examined 1495 applications, each worth more than $50 million, 126 of which were worth $1 billion or more.

But China’s appetite for Australian mining receded last year. Buyers, especially large state-owned enterprises, were reluctant to open their wallets and expressed preference for smaller and producing mines rather than green field projects.

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