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…
-
General14 hours agoMildura man given 28 years to pay $73,000 in unpaid fines and tolls
-
General17 hours agoAustralia’s race to rewire the country amid a global transmission boom is not unique
-
Noosa News4 hours agoThe grey backstreet of Brisbane’s Fortitude Valley where Arnie the missing dog was found dead in his owner Nathan McKeown’s black ute
-
General22 hours agoPrincess Diana enters Paris waxwork museum in ‘revenge dress’