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 News21 hours agoTerrifying break-in at childcare centre on Sunshine Coast ends with death of man
-
Noosa News19 hours agoADF to introduce billion-dollar drone dome over Brisbane 2032
-
Noosa News23 hours agoWhy the Story Bridge won’t have a traffic lane repurposed for bikes and walkers
-
General18 hours agoVulnerable youth non-for-profit Allambi Care agrees to end ‘unacceptable’ housing scheme