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China s actions against Australia may lead other countries to be more careful over Chinese investment

Countries may be careful over Chinese investment

Countries may be careful over Chinese investment ANI 20 May 2021, 05:27 GMT+10 Canberra [Australia], May 19 (ANI): As relations between China and Australia have taken a turn for the worse, experts say that Beijing s actions against Canberra may lead other countries being more careful in considering investment from Chinese companies. They may try to slow the growth of economic ties with China, such as through restricting investment in some sectors, The Diplomat quoted Melissa Conley Tyler, a research fellow at the University of Melbourne s Asia Institute. This means Chinese investors may find overseas markets less friendly, as has happened in Australia with much of the economy now unavailable, Tyler added.

Australia-China Trade Tensions Persist With Cancelled Agreements and Sharp Statements

Advertisement A year on from Canberra calling for an independent inquiry into the origins of COVID-19 and Beijing’s subsequent punishing of Australia via economic coercion, Australia has boldened its position by ripping up Australian state agreements with China and threatening to end Chinese ownership of critical infrastructure in Australia.  Australian Foreign Minister Marise Payne announced last month that the Victorian state government’s deals with China, which included a 2018 memorandum of understanding on the Belt and Road Initiative were “inconsistent with Australia’s foreign policy or adverse to our foreign relations” and were therefore terminated.  Chinese officials said the decision was “provocative” and would have serious repercussions. 

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