Chinese investment in Australia plunges to lowest level in at least 13 years

A new report by KPMG and the University of Sydney found that Chinese companies invested just US$585 million in Australia in 2021, down from a peak of US$16.2 billion in 2008.

In the four years to 2017, China invested more than US$40 billion in Australia - making Australia one of the largest destinations for Chinese investment. But Chinese investment in Australia in the four years from 2018 amounted to just US$11 billion. The fallout in ties between Beijing and Canberra followed China's anger at a range of measures, including Australia's foreign interference laws, itsfrom participating in its 5G roll-out, and its call for an inquiry into the origins of Covid-19.

Asked whether the global response to the Ukraine invasion had lessons for Beijing, which seeks"reunification" with Taiwan, Mr Albanese said the invasion"had shown attempts to impose change by force on a sovereign country meets resistance".

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Chinese investment in Australia plunges to lowest level in at least 15 years
Fonte: STForeignDesk - 🏆 4. / 71 Leggi di più »

Thailand agrees $9.6 billion investment in industrial east over 5 yearsBANGKOK : Thailand approved on Tuesday a five-year investment of about 338 billion baht ($9.64 billion) in its industrial east from 2023, a government official said, part of efforts to boost the country's long-term growth.The Eastern Economic Corridor (EEC) investments will cover 77 projects, mainly in in
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »