Chinese investment in Australia plunges almost 60% to lowest level since 2007

Chinese investment in Australia has fallen by almost 60% as Beijing shifts its focus towards developing nations that have signed up for its Belt and Road Initiative.

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

A new report 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.

Read more; https://www.theguardian.com/australia-news/2020/jun/09/chinese-china-investment-in-australia-plunges-almost-60-to-lowest-level-since-2007

Iron ore project in the Pilbara region of Western Australia

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