State-owned and private Chinese company investment in Australian companies fell 36 per cent to just $1.3 billion in 2023, compared with $2.1 billion the year before, according to new data by KPMG and the University of Sydney.
“Supporting Belt and Road projects are the main priorities for Chinese companies – both state-owned and privately run. They are not really searching for opportunity in Australia.”The KPMG data excludes Chinese family office investments, nor does it record public market stock and bond transactions, or residential real estate.
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