If the Aussie dollar plummets, the Chinese land owners ( those in agriculture ectThe question still stands, what are they going to do, pick it up and take it back to their country? They either conduct business on the property, which means employing people and paying tax - or they let their investment go to waste. You haven’t actually explained why foreign ownership is bad yet.
As for debt, well if they buy land from Australians isnt it them that’s in debt to us? Secondly, you might want to play your scenario out before giving it credibility: we owe them heaps of money, they “call in their debts”, we default and our currency and status drops through the floor. They’ve just devalued their own investment - fail!
Grott, will respond later but it’s a bit more complex than you make out there.
) make a killing by exporting their products back to China.