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Chinese investment in Australia nosedives amid growing tension between two countries
New figures show Chinese investment in Australia is continuing to plummet as distrust between the two countries grows and companies from the mainland turn towards emerging markets.
The Australian National University’s Chinese Investment in Australia (CHIIA) database shows investors laid out just $2.5 billion in 2019, roughly half of the $4.8 billion they spent in 2018.
- Stephen Dziedzic
- ABC News
Chinese investment in Australia peaked at almost $16 billion in 2016…