CANBERRA, March 9 (Reuters) - Chinese companies wanting to invest in Australian resource firms have reassessed how they approach deals, and tensions over the last few years have evaporated, Australian Resources Minister Martin Ferguson said on Wednesday.
"I think China has now reassessed how it goes about investment. You look at the investment over the last three years out of China. It's huge across a range of commodities, from magnetite (iron ore), to coal, to uranium, LNG. They've had a lot of success," Ferguson told Reuters in an interview.
"The so-called tension has largely disappeared. It's all about a learning process and they have a properly focused understanding on how to actually succeed with the investment," he said.
"I frequently meet the Chinese ambassador and different companies, talking about how to go about their investment. They now have discussions with FIRB (Foreign Investment Review Board) even before they lodge applications, get an assessment of what is required."
"I think China has now reassessed how it goes about investment. You look at the investment over the last three years out of China. It's huge across a range of commodities, from magnetite (iron ore), to coal, to uranium, LNG. They've had a lot of success," Ferguson told Reuters in an interview.
"The so-called tension has largely disappeared. It's all about a learning process and they have a properly focused understanding on how to actually succeed with the investment," he said.
"I frequently meet the Chinese ambassador and different companies, talking about how to go about their investment. They now have discussions with FIRB (Foreign Investment Review Board) even before they lodge applications, get an assessment of what is required."
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