Chinese investment to Australia last year dropped for the third straight year, researchers reported Sunday, a further sign of the impact of souring economic and diplomatic ties.
Total direct Chinese investment to Australia fell by about half to A$2.5 billion ($1.8 billion) in 2019, from A$4.8 billion a year earlier, according to a statement from Australian National University, which collects and compiles data from the Treasury and other federal departments.
The three-year decline underscores the deterioration of a once mighty partnership between the world’s second-largest economy and its most reliant developed-nation trading partner. The statistics’ release comes after a tumultuous week for bilateral relations, which saw the last two Australian journalists based in China flee the country on fears of police detention. Read more…..
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Australia’s national interest is consistently compromised as China embraces its new “wolf-warrior diplomacy” according to Sky News contributor Cory Bernardi.