China snubs Australia as foreign investment plummets

Australia pays price for snubbing Belt and Road Initiative as Chinese investment plunges 36 per cent in a single year

It marks the second-lowest year in investment value and the lowest number of investment transactions, 11. Helen Zhi Dent, co-author of the report, has noted China’s spurning of Australia comes as the superpower redirects its focus to countries participating in the Belt and Road Initiative . Chinese investments in BRI countries increased by 28 per cent in 2023 and for the first time ODI share going to BRI nations exceeded 20 per cent.

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Chinese Investment in Australia Hits Two-Decade Low Amid Economic SlowdownChinese investment in Australia has reached its lowest level in almost two decades, excluding the pandemic years, and is expected to continue declining as the Chinese economy slows down. According to a report by KPMG and the University of Sydney, Chinese investment in Australia fell by 37% to $1.36 billion in 2021, marking the lowest level since 2006. The decline in Chinese investment is attributed to rising tensions between the two countries.
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