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Chinese Investment in Australia Hits 18-Year Low

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Investment into Australia by Chinese private and state-owned companies dropped to the second-lowest level in 18 years, according to a report from KPMG and the University of Sydney.

-- Investment into Australia by Chinese private and state-owned companies tumbled in 2023 to the second-lowest level in 18 years, according to a report from KPMG and the University of Sydney.Mark Zuckerberg’s Wealth Exceeds Elon Musk’s for the First Time Since 2020The analysis estimated that direct investment slid 37% to $892 million from the previous year.

The data in the report exclude portfolio investments that don’t result in foreign management, ownership or legal control. Also outside the report’s scope are investments stemming from Hong Kong and Macau family offices or private entities that aren’t majority-owned by mainland Chinese corporations. China is grappling with a lingering property crisis and weak consumer sentiment, clouding the outlook for the world’s second-largest economy.The doctor who wrote a note about Trump's 'excellent' health is a 'fixture' at the former president's golf club: report

Billionaire Don Hankey offered to pay Donald Trump's full $464 million bond, but Trump's lawyers didn't notify the court about the offer, ProPublica reported.Retired US district court judge for the Southern District of New York Shira Scheindlin says there are parts of former President Donald Trump’s legal team’s motion asking Judge Juan Merchan to recuse himself from the New York hush money case that concern her.

 

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