Chinese investment in Australia nearly halved as ties deteriorateChristian Fernsby ▼ | September 14, 2020
Chinese investment in Australia almost halved in 2019, according to new data, as relations between the countries deteriorated.
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. ■