According to the report, the background of the sharp drop in Chinese investment is that other members of the "Five Eyes Alliance" intelligence network-including the United States and the United Kingdom-tightened the supervision of foreign investment on the grounds of national security.
According to reports, the latest data show that in 2020, China’s investment in Australia will drop by 61% to 1 billion Australian dollars (approximately 5 billion yuan-this net note), which is lower than the 2.6 billion Australian dollars a year ago and the 16.5 billion Australian dollars in 2016. Peak. 2016 was a year at the peak of China-Australia relations, coincided with the signing of a free trade agreement between the two countries. In comparison, only 20 transactions were recorded last year.
According to a Chinese investment tracking database of the Australian National University, China's investment in 2020 is limited to three areas-real estate, mining and manufacturing, which is very different from the situation in the previous years when investment in all walks of life.
The report pointed out that in January this year, Canberra tightened foreign investment management, introducing national security tests and "last powers"-even if the transaction has been approved, it can be cancelled.
(Source: Reference News Network)
