Chinese investment in Australia plunges to lowest level in at least 13 years

A new report by KPMG and the University of Sydney found that Chinese companies invested just US$585 million in Australia in 2021, down from a peak of US$16.2 billion in 2008.

In the four years to 2017, China invested more than US$40 billion in Australia - making Australia one of the largest destinations for Chinese investment. But Chinese investment in Australia in the four years from 2018 amounted to just US$11 billion. The fallout in ties between Beijing and Canberra followed China's anger at a range of measures, including Australia's foreign interference laws, itsfrom participating in its 5G roll-out, and its call for an inquiry into the origins of Covid-19.

Asked whether the global response to the Ukraine invasion had lessons for Beijing, which seeks"reunification" with Taiwan, Mr Albanese said the invasion"had shown attempts to impose change by force on a sovereign country meets resistance".

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