Share
China has slapped punitive sanctions on a range of Australian exports as the two countries clash on a range of issues. AFP
China investment in Oz falls as virus bites, relations sour
Mon, 1 March 2021
Chinese investment in Australia plunged almost two-thirds last year to less than $1 billion as the impact of coronavirus was compounded by increasingly fraught relations between the two countries.
The reading marks the fourth straight drop and is just a fraction of the $13 billion injected into the country in 2016, with Canberra growing increasingly wary of the Asian superpower’s intentions.
Data from the Australian National University (ANU) released on February 28 showed direct investment plunged to $800 million last year, from $2.05 billion in 2019.