China active investor in Fiji: ANZ Pacific monthly report
October 21, 2014 5:11 am
China has been an active investor in Fiji over the past decade, accumulating over USD 200 in Foreign Direct Investment.
In its Pacific Monthly report the ANZ bank says notably a significant amount has come in because traditional multi and bilateral partners have been unable to contribute under military rule sanctions.
The Bank says with a successful democratic election in September, traditional partners are expected to contribute a large amount of capital investment over the coming quarters.
It says in effect, many countries will be playing catch-up to match the contribution China has made.
This is undoubtedly positive for medium term growth prospects with potential growth likely to rise with capacity built out.