Investment in Australia hits new low

Chinese investment in Australia remains at record lows despite the wish for expansion from business circles amid a thawing diplomatic relationship.

Although Chinese companies invested $1.42 billion in Australia last year — almost triple the investment in 2021, the figure marks the second-lowest level of such investment since 2007, when accountancy firm KPMG and the University of Sydney began compiling their "Demystifying Chinese Investment in Australia" annual report.

It is well below the 2008 figure, when Chinese companies spent $16.2 billion.