Chinese investment in Australia hit a six-year low last year, with $1 billion recorded as bilateral tensions escalated and the Morrison government imposed tighter restrictions on foreign asset purchases in nationally sensitive sectors.
A construction project by Probuild, the company that was set to be sold to a Chinese-state owned entity before the transaction was blocked.Only property and mining were resilient, with all but one deal in the $1.029 billion recorded in those sectors, in contrast to previous years when new Chinese investment was present in almost all parts of the economy.
“If you’re setting up a factory or setting up a business in a foreign country and operating under their rules, certainty is really important.” “Our performance throughout the pandemic will only serve to strengthen our attractiveness as an investment destination through 2021,” he said.
awesome, india is nicer. less deceptive too
Get used to it and move on
In other news, a sharp decrease in dirty money flowing into Australia from a communist dictatorship that imprisons ethnic minorities and attacks democratic rights welcomed by the general populace
GOOD
Or alternately... Australia sold less of its land to a foreign govt that doesn’t play by the rules. Sounds good to me
Good. Progress at last, although off the back of Covid so not a lot of credit to government
There is this virus going around that has stopped people flying in. Might have heard of it 🤦♂️🤦♂️