Australia experienced its sharpest drop in Chinese investment for more than a decade last year due to Beijing’s clampdown on capital outflows and the demise of big mining and commercial property deals, according to a report by KPMG and the University of Sydney, said Caixin.
Chinese investment fell 36.3%, AU$8.2 billion ($5.8 billion), in 2018, which the report says puts Australia in line with the United States, Canada and the United Kingdom as a less favorable destination for Chinese capital.
China’s state-owned enterprises are investing capital into Belt and Road infrastructure projects in Asia and central Europe as per the government’s instructions, while private firms are increasingly focused on smaller deals in healthcare.
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