Chinese investment in Australia fell 70 per cent last year to lows not seen since the global financial crisis, as the COVID-19 pandemic and diplomatic tensions quashed Beijing’s appetite for deals apart from selected acquisitions in the mining sector.
Near-empty roads in Shanghai on Thursday. The pandemic and slowing growth has refocused leaders on the domestic economy.Last year was the latest of five in row of declining Chinese investment in Australia since 2017, when political hostilities first emerged between Beijing and the then-government of Malcolm Turnbull and the end of a global spending spree by Chinese companies.
At the same time, the Australian government and the Foreign Investment Review Board tightened the approval process for some types of Chinese investment. The study backs data from other sources which indicates Australia is losing an important source of offshore funding, although it still ranked second after the United States from 2005 to 2021 as a recipient of Chinese investment.
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Good news.
That’s a good thing
And yet the sun still comes up in the morning...
it is a good thing as they were targeting farms n infrastructures Let them invest in Africa with more risks Darwin port was a disaster approved by Scomo
Foreigners looting our sovereign wealth is NOT investing.Wake up. It’s time to build a sovereign productive sustainable complex economy with real jobs owned by us. End the reign of sovereign wealth looters & population ponzi parasites. Vote out all corrupt puppet LibNat LabGreen
I wonder why that is so ScottMorrisonMP Loud mouthed braggarde No understanding of diplomatic relations & how to do things with sensitivity Th time will arrive when 🇦🇺 workers will pay 4 this stupidity & of course Labor will b blamed
We do not need the Chinese!