Monday, July 29, 2013

Foreign investment rules 'send wrong signal',

Dear Prime Minister Rudd,

Although the White Australia Policy was abolished in 1973 but in reality it is still widely practice to this day – mainly against Chinese citizens who are not allow to buy any property/investment without FIRB –(Foreign Investment Review Board) approval.

Since you are not going to address our messages, we have no choice but to publish them on the internet and for public information.

Eddie Hwang
Unity Party WA
Phone/Fax: 61893681884
Environmental friendly - save the trees - use email.
UPWA is the only political party that calls a spade a spade.


Dear Prime Minister,

We refer to our message below and would like to know when you will give us a reply?

Eddie Hwang

The Hon. Kevin Rudd
Prime Minister of Australia

Dear Prime Minister,

We refer to the speech by 'Michelle Rowland MP below and would like to know what are you going to do about it?

Looking forward to hearing from you soon so that we can decide whom to vote for.

Eddie Hwang

Foreign investment rules 'send wrong signal', says WA Premier Colin Barnett

·        AAP -JUNE 05, 2013 10:47AM
AUSTRALIA'S foreign investment rules are sending the wrong message to China, West Australian Premier Colin Barnett says.
The Liberal leader said the United States could invest more than $1 billion in Australia without being subject to Foreign Investment Review Board rules, but it was different for China's state-owned enterprises.

Speaking during a trade mission in Beijing, Mr Barnett said that for investment by state-owned enterprises in China, any level of investment from $1 up goes through the FIRB process.

"I think Australia needs to correct that. That is giving the wrong signal to China, and I've no doubt, causes resentment,'' he said.

Mr Barnett is trying to drum up a major Chinese backer for the $6 billion Oakajee port project in WA's mid-west.

The project was indefinitely mothballed last year when Japan's Mitsubishi decided to "slow down'' work on the already-stalled plan, after talks with potential joint-venture partners languished.
Oakajee was to export iron ore from the magnetite-rich region, but the low-grade product fell out of favour with a slide in iron ore prices and wavering Chinese demand.

Monday, 24 June 2013 HOUSE OF REPRESENTATIVES 197
Date Monday, 24 June 2013 Source House
Page 197 Proof Yes
Questioner Responder
Speaker Rowland, Michelle, MP Question No.

Australia's wellbeing depends on China

·        by: By David & Libby Koch - News Limited newspapers 
·        May 10, 2012 10:33AM
THE Federal Budget blueprint for your finances is that things will stay pretty much how they are now for the next 2 years despite further deterioration in Europe and a stagnant America.

Our saviour continues to be China and the Government is confident their economic boom will keep our commodity prices steaming ahead and our economy growing at 3.25 per cent. But if they’re wrong, and the wheels fall off the rickshaw, the financial impact will be devastating………… 
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