SYDNEY: Chinese investment in Australia fell by 61% last year to the lowest level recorded by the Australian National University in six years, coinciding with a worsening diplomatic dispute.
“It reflects the effects of Covid but also more scrutiny of foreign investment by the Australian government, particularly that from China,” he said. Chinese company Mengniu abandoned a deal to buy the Australia dairy firm Lion Dairy and Drinks from Japanese company Kirin in August, after the Australian government indicated it would block the sale.
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