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Australia counts cost of plummeting Chinese investment

China’s investments in Australia fell by 50 per cent over the past two years, dropping from $9.6 billion in 2017 to $4.8bn in 2018, according to a report by the Australian National University in Canberra.

Peter Drysdale, one of Australia’s leading economists and head of the ANU’s East Asian Bureau of economic research, described the figures as “a warning” for the country’s future trade and foreign policy relations with China.

The Chinese Investment in Australia database shows these figures represent a $9bn decline from $15.8bn in 2016. China’s investment in Australia is now at its “lowest level in five years”, the report says.

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