This paper examines how swiftly core characteristics of the global economy are changing and the implications for Foreign Direct Investment (FDI) into Australia, especially FDI from China. The paper focuses on how state investment capital is an increasingly important strategic priority for governments, regulators, finance sector participants and other stakeholders. This is of the utmost strategic significance for Australia, given that its stability and economic well-being is increasingly intertwined with Asian jurisdictions, many of whom are active state investment actors.