Communist China buys Australia
- The Communists are on the march and are bankrolling the massive purchase of Australian ranches, mines and businesses.
- Australia is to act as a food and raw materials colony for their new Lords and Masters in Communist China.
- The moronic Australians are selling off their nation to Communists for a few fast dollars in profit. With those purchases the Communists gain huge political and economic influence inside Australia.
(CNN) - China's Dakang Australia teamed up with Australian Rural Capital to buy the Kidman beef company and 77,300 square kilometers (30,000 square miles) of its land for $370 million Australian dollars ($288 million).
Dakang brought ARC on board in a bid to overcome Australian opposition to a sale to foreigners. Dakang will own 80% of Kidman and ARC 20%.
Kidman is one of Australia's biggest beef producers and owns farm assets spread across more than 100,000 square kilometers of the country's interior. That's an area roughly the size of Kentucky.
To inspect the full sweep of properties on the block by air would take about a week.
The deal still needs the approval of Australia's Foreign Investment Review Board, as well as various other regulators.
The Australian government blocked the sale of the ranch to foreign buyers last November because one of Kidman's ranches -- Anna Creek Station in South Australia -- is close to the country's weapons testing site.
The land is home to about 150,000 cattle. The investors are hoping to increase production and expand the ranch's role in international markets. Most of the beef is already exported.
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