China’s Investment in Australia Falls to a 13-Year Low

China’s Investment in Australia Falls to a 13-Year Low

(Investing.com) – Chinese investment in Australia plunged 58.4% last year to A$3.4 billion ($2.39 billion) — the lowest level since 2007, according to a report released amid a broadening diplomatic spat between the nations.

The Demystifying Chinese Investment in Australia report by KPMG and The University of Sydney also showed the number of Chinese investment deals dropped 43% to 42, from 74 in 2018. One deal — Mengniu Dairy Co.’s acquisition of Bellamy’s Australia Ltd. for A$1.5 billion, accounted for 43.7% of the year’s total…

Source: Investing.com

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