Business
Chinese investment in Australia plummets 47% in a year as diplomatic tensions rise – The Guardian
Researchers have found Chinese investment in Australia has fallen at a much faster rate than in other countries
Chinese investment in Australia has plunged almost 50% in a year, a new analysis has found, as souring relations between Canberra and Beijing contribute to a rapid fall in investor confidence.
Australian National University researchers found Chinese investment in Australia had fallen for the third consecutive year, dropping from $4.8bn to $2.5bn between 2018 and 2019.
In the peak year of 2016, Chinese investors spent $15.8bn in Australia. Last years figure was propped up by the $1.5bn spent pu…
-
General21 hours agoVictorian school teacher charged with soliciting child abuse material
-
General12 hours agoAustralia loses ODI series to South Africa with defeat in second game in Mackay
-
Noosa News16 hours agoPalestine protesters forced into last-minute reroute
-
Noosa News18 hours agoFuel tanker driver killed in horror head-on crash near Blackbutt identified as beloved father-of-two