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

Comments

Post a Comment

Popular posts from this blog

How To Compare Removalists Quotes And Save Money

Image
 Hello friends, Hiring professional removalists in Brisbane is a wise and practical solution during a house move. The professionals have the expertise, experience and equipment to handle and move your belongings expertly. However, hiring professionals requires you to manage your moving budget well. If you don’t, you can easily deplete your savings. One of the best ways to estimate your spending is by getting quotes from removalists and comparing them to find the most affordable removal services. To know how to compare removalist quotes and save money, please read the article below. https://www.betterremovalistsbrisbane.com.au/how-to-compare-removalists-quotes-and-save-money/
Read more

Buranda traffic backup frustrates commuters, cyclists as Brisbane Metro work starts

Image
 Commuters, cyclists and pedestrians have found rare common ground as they battle delays and difficult transport routes caused by the temporary closure of a key southside thoroughfare in Brisbane. Work on upgrading and extending the Buranda busway station to allow for the new Brisbane Metro has begun but meant Brisbane City Council has closed the eastbound lanes on busy O'Keefe Street between Carl Street and Gillingham Street. A detour is in place via Carl Street, Cornwall Street, Logan Road and Montague Street and the westbound lanes on O'Keefe Street between Gillingham Street and Carl Street were also reduced to a single lane. Read More: https://www.abc.net.au/news/2022-09-27/brisbane-metro-works-traffic-congestion-okeefe-street/101476422
Read more

Ziggy the Brisbane bag man's mission to access his money in the bank puts spotlight on homeless struggle

Image
 Zbygnew Wilczek has lived in parks around Brisbane's western suburbs for years, among dozens of plastic bags, cardboard boxes and umbrellas. Better known as Ziggy the bag man, the grey-haired character is well-known around the city and usually likes to keep to himself. But recently his friends got in touch with ABC Radio Brisbane's Rebecca Levingston — Ziggy needed help. Specifically, he needed help accessing money he held in a NAB account. Read More: https://www.abc.net.au/news/2022-05-23/ziggy-the-brisbane-bag-man-wants-access-money-nab/101084294
Read more