Australian companies optimistic about operating in China: survey

Australian Prime Minister Malcolm Turnbull says relations with his Chinese counterparts are tense, but a survey released on Tuesday shows that's yet to have a negative impact on local companies doing business in China.

Almost 80 per cent of more than 160 Australian businesses are optimistic about their operations in China for the next year, according to the 2018 Westpac Australia-China Business Survey.

Shanghai: A new survey shows Australian businesses have confidence in their Chinese operations.
Photo: Bloomberg

About half tose surveyed forecast they would increase their investment in the nation in 2018, compared with 45 per cent the year before, even as the report showed concern about the lack of transparency in the nation's regulatory environment.

The survey results come days after the Prime Minister admitted diplomatic relations with his nation's largest trading partner had declined in the wake of comments he made in December linking the need for laws to halt foreign interference in the political process.

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