FOREIGN investors have so much faith in Australia's economic fundamentals that they will keep coming back regardless of the high dollar, according to the treasurer.
Wayne Swan says this is despite the fact Australia was "not really on the radar" just five years ago.
Mr Swan told a Sydney business economists' function on Friday he had seen evidence of growing interest in Australia as an investment destination when he attended the Group of 20 summit in Moscow last week.
"It's not just what I see talking to G20 finance ministers, it's what I hear when I do investor briefings in Hong Kong, Moscow or New York," he said.
"There has been a huge tide of investment in the Australian economy over the last 12 months, which is coming here because (of) the pretty good economic fundamentals of this advanced economy, compared to just about any other advanced economy in the world."
He said foreign governments and businesses interested in the Asia-Pacific region now recognised that Australia's governance system, public finances and debt level were "all in good nick".
"If they're going to invest in the region, they're going to invest in Australia," he said.
"Five years ago, that was entirely optional - we weren't really on the radar ... even given the elevated level of the dollar, these foreign investors continue to invest here and I believe will continue to do so."
Không có nhận xét nào:
Đăng nhận xét