More than 180 Chinese companies invested a total AU$60 billion (AU$1 = US$0.99) in Australia from December 2007 through July 2010, said an Australia government official at the China Mining Conference Thursday. China was the largest foreign investor in Australia with over AU$2.6 billion made in the mining sector over the period, followed by the United States (AU$2 billion) and Japan (AU$1.7 billion), according to Australia's Foreign Investment Review Board. Australia's mineral exports grew 55% to US$139 billion in 2009/10 and are projected to reach US$180 billion in the following financial year, thanks to China's strong economic performance. The mining sector accounts for 10% of Australia's economy.
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