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

Trending Articles

PepsiCo will take aim at Kraft Mac & Cheese…

by

on

Why stocks don’t seem worried…

Bond Traders Clamoring, Bet the Fed Isn’t Done Yet

by

on

Bond Traders Clamoring for Answers Bet the Fed Isn’t Done Yet

Exxon Mobil, American Express share gains…

by

on

Exxon Mobil, American Express share…

Morgan Stanley posts record profit on trading..

by

on

Morgan Stanley posts record profit on trading boom