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China's investment in Australia has and Chinese investment in Australia has plummeted

[时政新闻]     14 Sep 2020
China's investment in Australia has fallen for three years, This further reflects the deteriorating economic and diplomatic relationship between Australia and China. Australian National University (AustralianNationalUniversity) said Sunday (September 13) in a statistical analysis, China's direct investment in Australia last year fell by nearly half from the previous year. China made about A $2.5 b...
China's investment in Australia has and Chinese investment in Australia has plummeted

Australian Export of Chinese Beef Products Australia China Beef Exports (Chart)

The three-year decline in Chinese investment in Australia further reflects the deteriorating economic and diplomatic relationship between Australia and China.

Australian National University (Australian National University) said Sunday (September 13) in a statistical analysis, China's direct investment in Australia last year fell by nearly half from the previous year. China invested about A $2.5 billion ($1.8 billion) in Australia in 2019, Investment in 2018 was $4.8 billion. This is the University's statistics based on data from the Australian Treasury and other federal departments.

China's investment in Australia peaked at A $15.8 billion in 2016, but then began to plummet. China's biggest drop in investment in Australia in 2019 was in real estate, mining and manufacturing, the report said, while investment in agriculture plummeted, but slightly increased in construction and finance.

'The sharp drop in Chinese investment is not the single reason ,'said Peter Drysdale Dreisdale, economics professor at Australia's National University, who led the analysis, but government new regulatory barriers do hold Chinese investors back. "There is no doubt that Chinese investors now believe that investing in Australia is more difficult at the moment ," said Mr. Dreisdale. "

In recent years, Australia and China have witnessed a series of political disputes over China's investment in Australia. Australia's federal government has increased its scrutiny of foreign investment to a wider extent.

Recently, australia and china have been conflict on a number of levels, including foreign intervention, australia and china against each other's journalist, cyber espionage, trade, hong kong and Coronavirus sources survey and other issues. Mr. Dreisdale said he expects China's investment in Australia to fall even more by 2020 and the downward trend will continue.

Real gross domestic product (GDP) fell 7% in the second quarter from a month earlier on Bureau of Statistics 9 2, ending Australia's longest economic growth period of 28 years. Japan's economic News (Nikkei) reports that, while Australia is expected to turn to recovery this year, increased friction with its largest trading target, China, has cast a shadow over future economic development in Australia.

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