Chinese investment in Australia has slumped to a record low as the rising superpower shifts its corporate muscle to countries that signed up to its Belt and Road Initiative.
For the first time, the share of overseas direct investment by China - the world's second-largest economy - going to Belt and Road Initiative countries surpassed 20 per cent of its global total. Helen Zhi Dent, partner, Chinese business practice, KPMG Australia, and co-author of the report said Chinese investment last year in Australia was the lowest since 2006.More Chinese overseas investment is going to countries signed up to its Belt and Road Initiative.
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