Howard ghosts Abbott, again

Advertisement

It seems that wherever Tony Abbott goes, Howard follows. From the AFR today:

Foreign investment should be welcomed “without any sense of conditionality”, John Howard told a conference in China, just days after Opposition Leader Tony Abbott flagged a tougher approach to investment by state-owned enterprises in a speech in Beijing.

The Australian Financial Review has learned Mr Howard, in not his only recent supportive move on Chinese investment, delivered the keynote speech at a summit of business leaders in Kunming in late July, saying foreign investment was part of the progress of globalisation and should be welcomed, provided it complied with reasonable laws of the host nation.

…Two days earlier, Mr Abbott triggered a debate about the Coalition’s approach to Chinese investment by saying in Beijing that it would rarely be in Australia’s interest to allow a foreign government to control an Australian business.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.