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Chinese investment in Australia nearly halved as ties deteriorate

Christian Fernsby ▼ | September 14, 2020
Chinese investment in Australia almost halved in 2019, according to new data, as relations between the countries deteriorated.
Australia
Deteriorate   Australia
Researchers from the Australian National University (ANU) said on Monday Chinese investment plunged from 4.8 billion Australian dollars ($3.5bn) to just 2.5 billion Australian dollars ($1.8bn) last year.

Topics: Chinese Australia

Professor Peter Drysdale, who led the data research, said the 1.43-billion-Australian-dollar ($1.04bn) purchase of infant formula producer Bellamy's Australia by China's Mengniu Dairy accounted for more than half of that investment.

In June, Australia announced stricter measures to block or overturn new foreign investments deemed to compromise national security.


 

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