Chinese investment in Australia plunged last year as tensions worsened

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Trade ties between Australia and China worsened over the past year as the two countries became mired in a diplomatic dispute. Now it appears those problems, and the pandemic, are also hitting investment.

Sydney

Chinese investment in Australia plunged to just over 1 billion Australian dollars in 2020, down 62% from the previous year, according to a report released Monday by the Australian National University's Chinese Investment in Australia Database.That's also down nearly 94% from a peak of 16.5 billion Australian dollars in 2016, according to the study. The countries are big economic partners in Asia Pacific.

 

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Poor Australia has no any power, but self-conceit.

Trade ties between australia and

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Good, China doesn't need 'trade relations' it can ' trade' with itself...more than enough people...sorry slaves there.

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Fear not Australia 🇦🇺 over here in America we have a saying when it comes to China “Anything they can do we can do better” let the CCP keep their rusty junk ....customer lost and no deal to be had!

Because of Australia's series of anti-China actions, China just stopped importing minerals and agricultural products from Australia. What did China do wrong ?

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