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Chinese investment in Australia collapses amid tensions

China s ultimate revenge on Australia | Warwick Daily News

  China s bitter battle with Australia has cost us billions, with investment plummeting to a record low in 2020. The clash between the two nations has been raging for years, beginning in 2018 when China-US relations fell to new lows and after Australia became the first country to bar Chinese smartphone giant Huawei from its 5G network due to top-secret national security concerns. Since then, the relationship has severely deteriorated - and now it seems China has had the ultimate revenge. According to new data from the Chinese Investment in Australia Database (CHIIA) at the Australian National University, Chinese investment in Australia fell by more than 61 per cent last year.

China s investment in Australia hits new low: ANU

China’s investment in Australia last year plunged to a record low of A$1 billion (US$775 million), according to data compiled by the Australian National University (ANU), as relations between the two countries soured amid the COVID-19 pandemic. Investment by Chinese companies in Australia fell 61 percent, following a 47 percent fall in the prior year. This was the lowest level of activity in the six-year history of the data that are part of the ANU’s Chinese Investment in Australia Database. The number of projects recorded was only 20, well down from a peak of 111 in 2016, when investment amounted to

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