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…
-
Noosa News20 hours agoMoreton Bay oyster farm survives cyclone with help of wave wall innovation
-
Business23 hours ago$10,000 invested in ANZ shares 5 years ago is now worth…
-
Noosa News22 hours agoHelicopter pilots saving lives, providing food and fodder in flooded outback Queensland
-
General21 hours agoInternal Revenue Service starts cutting 20,000 workers