Goodman rosy on China investments

Financial aid to come from CIC on strong growth in logistics sector

HONG KONG - Goodman Group, the world's third largest logistics facilities operator, said it expects to increase its investments in China 500 percent within five years, backed by further support from cornerstone investor China Investment Corp (CIC).

CIC invested A$500 million (3.13 billion yuan) in Goodman Group in August last year for options that could see China's sovereign wealth fund becoming the largest single shareholder of the biggest listed industrial property conglomerate in Australia with an 18.2 percent stake.