Chinese investment in Australia dropped by more than 36 per cent in 2018, to its second lowest level since the global financial crisis of 2008.Mining saw a 90pc fall in investment, while commercial real estate investment fell 32pcThe latest report from KPMG and the University of Sydney Business School found that Chinese firms invested a total of $8.2 billion in Australia last year, down from $13 billion the year before.
This segment includes office buildings and other commercial property, but includes apartment development sites. The fall in Chinese commercial real estate investment was not specific to Australia, which retains an 11 per cent share of China's foreign investment in this sector. "Australia is regarded very highly by the Chinese for its science and technology and the quality of its branded products," Mr Ferguson explained.
The majority of investment was directed to New South Wales , while Victoria attracted more than a third, South Australia 8 per cent, Queensland less than $400 million and Tasmania $342 million . Reflecting the drop in mining investment, Western Australia only attracted $263 million worth of Chinese investment last year.
WHY can we not INVEST in our Own Nation doesn't suit the globalisation economic agenda
Who cares China rubbish nobody wants it. The whole country is fake
That’s because many Australians are racist and sexist and have scared away foreign investment due to ignorance and fear.
The same amount the government fed back into the budget in NDIS offsets.
Good! For investment see sale. We have to stop selling Australia.
That's the best news I've heard all day.
It's all going under the table these days.
Chinese investors should be banned from the medium and low price real estate. The big deformation that they have caused in the market will take decades to correct and many hard working families pushed out of the market by Chinese investors!
See where the politicians try to get their money from now...
Investment or Ownership of profitable Assets. Manipulation of markets. can take many forms. extraction of minerals & product is another. control of ports, property & production is not free or fair trade.
Good
Yes, because the Chinese Gov is shutting down corruption & money 'leaking' to Australia where we stupidly let it be used to buy property etc. and then 'cleaned'.. Nothing our dopey Government did to stop it! auspol
It’s a shame huggies is investing in China by moving its babies product manufacturing to a nation that poisons babies.
Hallelujah!
But but we have gov that supports investors and China is our best trade partner and ...
May be a good news for Aussies
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Source: 9NewsAUS - 🏆 10. / 72 Read more »