Nov 20, 2017 Last Updated 3:31 PM, Nov 20, 2017

New Entry From the Editor :

IMF gives Australia mixed review in annual economic report

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Australian business conditions elevate to highest on record

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China invests in Australia’s agriculture

AusBN – Two large Australian cattle stations have been bought by a Chinese billionaire for A$47 million.

It is the third deal this year involving a Chinese investor purchasing Australian farmland.

Tianma Bearing Group owner Xingfa Ma acquired a 40,000 head of cattle along with the 705,700 hectare Wollogorang and Wentworth stations.

CBRE Australia’s Geoff Warriner commented on the acquisition: "Wollogorang is located within one of the country's most unique and diverse regions, with favourable land and soil types supporting what is already a successful cattle breeding operation." 

@AusBNOnline

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