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30-06-2022, 10:32 AM
https://www.straitstimes.com/asia/austra...t-13-years
SYDNEY - A diplomatic falling out between Australia and China has taken a heavy toll on Chinese investment, which has plunged to the lowest level since at least 2007.
A new report by KPMG and the University of Sydney found that Chinese companies invested just US$585 million (S$811 million) in Australia in 2021, down from a peak of US$16.2 billion in 2008.
The report shows the plunge in investment began in 2017, just as relations between the pair turned sour.
In the four years to 2017, China invested more than US$40 billion in Australia - making Australia one of the largest destinations for Chinese investment. But Chinese investment in Australia in the four years from 2018 amounted to just US$11 billion.
.....
SYDNEY - A diplomatic falling out between Australia and China has taken a heavy toll on Chinese investment, which has plunged to the lowest level since at least 2007.
A new report by KPMG and the University of Sydney found that Chinese companies invested just US$585 million (S$811 million) in Australia in 2021, down from a peak of US$16.2 billion in 2008.
The report shows the plunge in investment began in 2017, just as relations between the pair turned sour.
In the four years to 2017, China invested more than US$40 billion in Australia - making Australia one of the largest destinations for Chinese investment. But Chinese investment in Australia in the four years from 2018 amounted to just US$11 billion.
.....
