New data from the Australian National University (ANU) showed Chinese investment in Australia dropped by more than 61 percent in 2020, to just over a billion Australian dollars (US$780 million) – the lowest in the past six years.
According to figures from the Chinese Investment in Australia Database (CHIIA), the drop followed a 47 percent fall in 2019, when Chinese investment totaled US$1.57 billion. It was also well short of the peak of US$12.7 billion recorded in 2016.
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