< p > it is reported that for Australia's largest a href= "//m.pmae.cn/news/index_c.asp" > cotton farm < /a >, today usher in a new era.

The Cubbie Station in Queensland will be pferred to China's leading investment group today.

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< p > the chairman of the St Georges chamber of Commerce, "a href=" //m.pmae.cn/pioneer/ "> John Travers < /a >, said that although the local residents have doubts about this overseas acquisition paction, we should move forward.

He said, "unfortunately, no Australian investor has invested in these enterprises, so the foreign investment has entered."

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In addition, Travers hopes for the future of Mr. Cobi's farm. He said, "we must do our best and believe that their staff will achieve good results." he disclosed that Chinese enterprises would retain their original employees and continue to cooperate with local contractors. "P"

He also hoped that Chinese enterprises could bring stability to the local "a href=" //m.pmae.cn/news/index_cj.asp "economy < /a".

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"P" has previously reported that the news that Australia's largest cotton farm has been sold to Chinese companies has aroused great concern, and Australian investment in China has also been questioned.

In response, Kevin Rudd, former Australian Prime Minister and former foreign minister, pointed out that Australian people need not fear Chinese investment.

All countries in the world need to adjust their mindset to cooperate with our "Chinese friends".

Work innovation and development.

4., further strengthen self building.

We should conscientiously strengthen the building of our own team, establish and improve various management systems for the work of the association so as to enhance the initiative and creativity of the work and promote the service level of the cotton association to a new level.

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< p > < strong > related links: < /strong > < /p >

< p > < strong > Chinese textile enterprises turn to Australia cotton farm < /strong > /p >

< p > Chinese textile enterprises will turn their attention to Australia's largest and best cotton farm, with the aim of taking advantage of local resources, including perfect dams, low-cost planting conditions and high-quality cotton.

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Mr. P, who is based in Shanghai, said that the upcoming acquisition of Cubbie, Australia's largest cotton farm and sprinkler station, indicates a new trend.

If you look at other commodities, mining and metals, China is buying Australian assets close to resources, said the head of Asian economic and trade.

China wants to buy those biggest resources, just like Cubbie sprinkler station.

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< p > China textile giant Shandong Ruyi has submitted an application to the foreign investment review board (FIRB) in 2009 to purchase a 96000 hectare Cubbie sprinkler station in southern Queensland.

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< p > it is reported that the price of the station is between us $325 million and -3.50 billion, exceeding the FIRB threshold of US $244 million.

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< p > nearly 60% of Australia's cotton exports to China. China thinks that the quality of Australia cotton is better than that of India and other cotton producing countries.

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< p > Mr. Lu said that China is the largest cotton producing country, cotton consuming country and importing country in the world.

In 2011-12, China produced 7 million 300 thousand metric tons of cotton and consumed 8 million 700 thousand tons of cotton.

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< p > China's labor costs continue to increase, Australia's farms are very large, and production is concentrated.

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< p > Australia generally uses machine picking cotton while picking cotton in China.

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