Chinese investment in Australia almost halved in 2019, new data released Monday, September 14, showed, as relations between the two countries deteriorated.
The steep fall far outpaced a global decline in China's overseas ventures of 9.8% last year, reflecting the bilateral political tensions, Drysdale said. The country has barred Chinese telecoms giant Huawei from being a major player in its 5G rollout owing to concerns about its relationship with state security agencies, a decision that riled Beijing.
W/o Chinese investments in Australia the country will plunge economically.
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