Chinese investment in Australia plummets

Despite record trade between the two nations, Chinese investment in Australia fell from $8.2 billion in 2018 to $3.4 billion in 2019, with 43 per cent fewer deals struck.

A new report from KPMG and the University of Sydney puts the plunge down to tighter Chinese regulations, a negative perception of Australia’s investment rules, and a shift towards Latin America and Belt and Road projects in developing countries.

Of the states, only the Northern Territory had a smaller share of investment than South Australia which, according to the report, attracts just 1 per cent of total Chinese investment in Australia. Read more: https://indaily.com.au/news/business/2020/06/09/chinese-investment-in-australia-plummets/