A dairy farmer sows barley on his property in Brisbane on May 21, 2013. China has imposed tariffs on Australian products from beef to barley due to deterioration relations.
Professor Peter Drysdale, who led the data research, said the A$1.43 billion purchase of infant formula producer Bellamy’s Australia by China’s Mengniu Dairy accounted for more than half of that investment. “ the last few years, clearly Chinese investors have found the investment environment in Australia less certain and have been more cautious about undertaking investment in Australia,” he told AFP.
Drysdale said structural changes were also partly to blame, with Chinese investors retreating from mining and resources as the commodity boom weakened.
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