Sydney, Sept. 14 (ANI): Media mogul Kerry Stokes has said that Australia needs to get its relationship with China back on track by moving beyond just being a key supplier of resources for its rapidly expanding economy.
The billionaire businessman believes that while the Chinese are keen to invest Down Under, they have begun to see Australia as an unfriendly and difficult place to do business.
He said that part of the problem was because some Australian politicians have been disrespectful towards China.
According to telegraph.com.au, some Australians also seem to have a problem with Chinese investment in Australia, while showing no concerns about British or Indian investors tipping money into Australia.
Stokes said he believed Australia's relationship with China had 'gone off track' and it now needed to focus on becoming a cooperative partner so both countries could share ideas, processes, culture and opportunities to grow.
"Resources are finite, so (Australian needs to) build services like education, tourism, people," the head of Seven Group and Seven West Media told a conference on Australia-China relations in Sydney.
"China still wants Australia to invest in China. They desire a partnership and they desire it to be built on mutually beneficial outcomes," he said.
He said Australian businesses were frustrated by the fact that Australia had been the most sought after destination in China about 12 years ago, but not anymore.
The way some politicians spoke about China was partly to blame, he said.
Mr. Stokes said Australian politicians should be welcoming China's desire to invest in projects in Australia.
"We are a country that needs capital," he said, adding: "We should be welcoming this capital and our objective should be to encourage joint ventures." (ANI)
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