New data from the Australian National University (ANU) showed Chinese investment in Australia dropped by more than 61 percent in 2020, to just over a billion Australian dollars (US$780 million) – the lowest in the past six years. According to figures from the Chinese Investment in Australia Database (CHIIA), the drop followed a 47 percent fall in 2019, when Chinese investment totaled US$1.57 billion. It was also well short of the peak of US$12.7 billion recorded in 2016. “It reflects the effects of Covid, but also more scrutiny of foreign investment by the Australian government, particularly that from China,” said Shiro Armstrong, Dire
Hence then, the article about chinese investment in australia plunges to record low amid escalating trade row was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Chinese investment in Australia plunges to RECORD LOW amid escalating trade row )