Why Is China Snatching Up Australian Farmland?

Via Carla Gottgens/Bloomberg via Getty Images

 

On Chinese investment in Australian agriculture…

At the wine tasting room of Taylors Wines in Sydney, Australia, bottles are uncorked, poured, swished, sniffed and sipped. There’s a lot for employees to toast this year.

“The Australian wine sector is growing at a fast rate,” says Mitchell Taylor, the winery’s managing director. “And what is exciting is the top level, about 20 to 30 dollars a bottle and above, that segment is growing at 53 percent.”

That’s thanks, in part, to China.

Read on at The Salt.

 

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