Chill wind sets in on Australia investment entornointeligente.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entornointeligente.com Daily Mail and Mail on Sunday newspapers.
Share
Chinese investment in Australia fell in value and number for the calendar year 2020 from the previous year. Investment value was down 26.8 percent to $2.5 billion from $3.4 billion in 2019, the lowest level since 2007, according to a new report by the University of Sydney and KPMG.
The number of deals was also down – by more than half, from 42 in 2019 to 20 in 2020. The fall in investment came against the backdrop of the COVID-19 pandemic resulting in a 35 percent reduction in Foreign Direct Investment (FDI) inflows globally, deteriorating bilateral diplomatic relations between Australia and China, and increased government intervention in foreign investment in both Australia and China.