“… CHINA is set to swoop on one of northern Australia's most important - and biggest - land and water resources. And the raid is being directed by a former Australian prime minister. A Chinese company is bidding to buy 30,000ha of new irrigation land to be watered by Australia's largest man-made storage. … The Chinese bid would see it secure two-thirds of the region's irrigated land and a yet-to-be determined amount of permanent water in the region. The minimum figure it would obtain should it grow sugar would be 510,000 megalitres - a quarter of the Ord's currently allocated water. Shanghai Zhongfu has offered to develop irrigation infrastructure, a sugar mill and an abattoir. …” From: http://www.weeklytimesnow.com.au/article/2012/05/16/483241_politics-news.html Billy T comment: Reminds me of when Chinese company tried to buy UnionCal (Southern Cal? – I forget correct name) oil company with large in-ground proven reserves. US said “no” but now they seem to have Australian Government support.