Chinese investment in Australia has fallen by almost 60% as Beijing shifts its focus towards developing nations that have signed up for its Belt and Road Initiative.
Despite record trade between the two nations, Chinese investment in Australia fell from $8.2bn in 2018 to $3.4bn in 2019, with 43% fewer deals struck.
A new report puts the plunge down to tighter Chinese regulations, a negative perception of Australia’s investment rules, and a shift towards Latin America and Belt and Road projects in developing countries.
