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Investment into Australia by Chinese private and state-owned companies tumbled in 2023 to the second-lowest level in 18 years, according to a report from KPMG and the University of Sydney.
The analysis estimated that direct investment slid 37% to $892 million from the previous year. In contrast, China’s global outbound investment jumped in 2023, driven by projects in countries participating in President Xi Jinping’s Belt and Road Initiative.
Anne Joseph is a passionate social media writer and working at Bouxtie. She has strong strategy skills in developing and managing social media campaigns. She loves to make new connections and enjoy the opportunity to work with social media influencers. Start following her on Twitter.com.
