Chinese investment in Australia plunges almost 60% to lowest level since 2007
by Australian Associated Press from on (#54FPB)
The number of deals drops by 43% in the past financial year as China shifts focus to developing nations
Chinese investment in Australia has fallen by almost 60% as Beijing shifts its focus towards developing nations that have signed up for its Belt and Road Initiative.
Despite record trade between the two nations, Chinese investment in Australia fell from $8.2bn in 2018 to $3.4bn in 2019, with 43% fewer deals struck.
Continue reading...