After hitting a peak of Aus$15.8 billion (US$10.4 billion) in 2016, Chinese firms invested Aus$4.8 billion in the country last year, the Australian National University said Monday. "Chinese investment flows offshore have fallen generally in the past year but they have fallen more in Australia," report co-author Peter Drysdale told The Australian newspaper. "It shows there is a problem as the investment relationship is more affected by the political situation. The study follows reports earlier this year that Australian coal was being blocked or experiencing delays at Chinese ports. Overall, China is Australia's ninth largest foreign investor, or 1.8 percent of the total, according to Australia's foreign affairs department.

Source: Bangkok Post May 21, 2019 04:41 UTC