The China-Australia Free Trade Agreement and the Growing Acceptance of Chinese State Capital Investment

23 Pages Posted: 23 Apr 2015 Last revised: 26 May 2016

See all articles by Megan Bowman

Megan Bowman

King's College London – The Dickson Poon School of Law

George Gilligan

University of Melbourne - Centre for Corporate Law

Justin O’Brien

Harvard University - Edmond J. Safra Center for Ethics; University of New South Wales (UNSW)

Date Written: April 21, 2015

Abstract

This article maps the rising influence of state capital as an increasingly valuable source of liquidity in global capital markets and foreign direct investment. In particular, this article considers how this rising influence is changing the perceptions of investee nations towards foreign state capital investments. Using the example of the Australian-Chinese Free Trade Agreement finalised in November 2014, this article contends that although, prima facie, Australia has maintained a hardline policy stance towards Chinese inward state capital, closer examination reveals an increasing acceptability of Chinese state capital over time in Australia. Such a long-term policy recalibration has the potential to be repeated in other jurisdictions in the Asia-Pacific region.

Keywords: state capital, foreign direct investment, policy influence, free trade agreements

Suggested Citation

Bowman, Megan and Gilligan, George and O’Brien, Justin, The China-Australia Free Trade Agreement and the Growing Acceptance of Chinese State Capital Investment (April 21, 2015). Asian Journal of Public Affairs 8 (1): 03-24, 2015, doi: 10.18003/ajpa.201501 ; Lee Kuan Yew School of Public Policy Research Paper No. 15-21; King's College London Law School Research Paper No. 2016-23. Available at SSRN: https://ssrn.com/abstract=2597407

Megan Bowman (Contact Author)

King's College London – The Dickson Poon School of Law ( email )

Somerset House East Wing
Strand
London, WC2R 2LS
United Kingdom

George Gilligan

University of Melbourne - Centre for Corporate Law ( email )

185 Pelham Street, Carlton, Building 106
Victoria 3010
Australia
+61 3 8344 1079 (Phone)

HOME PAGE: http://www.law-cclsr@unimelb.edu.au

Justin O’Brien

Harvard University - Edmond J. Safra Center for Ethics ( email )

124 Mount Auburn Street
Suite 520N
Cambridge, MA 02138
United States

University of New South Wales (UNSW) ( email )

Kensington
High St
Sydney, NSW 2052
Australia

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