Chinese investment in Australia dives to lowest in 6 years

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Strained relations between the countries have seen tit-for-tat restrictions from both governments. FMTNews

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines