China eyes Australian dairy sector

With growing demand to keep its population fed, China is on the lookout for assets around the world as they seek to cash in on Asia’s booming food demand and secure sufficient supplies for the future.

China’s eyes are currently on Australia, with the Wall Street Journal reporting that China Investment Corp (CIC) a, Chinese sovereign wealth fund, is among three large funds vying to take a stake in Australian dairy producer Van Dieman’s Land Co (VDL).