Chinese investment in Australia plunges as tensions mount

SYDNEY - Chinese investment in Australia almost halved in 2019, new data released Monday showed, as relations between the two countries deteriorated.

It was the third consecutive year that Chinese investment in Australia dropped since peaking at A$15.8 billion in 2016. In June, Australia announced tougher measures to block or overturn new foreign investments deemed to compromise national security - a move widely viewed as an effort to limit growing Chinese influence.

While Chinese investment in Australian real estate and agriculture also fell in 2019, the ANU researchers found some"modest gains" in the construction, education and finance sectors.

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