Chinese wary of Australian mining as investment slumps
Australia has stopped Chinese takeovers in lithium and rare earth miners, so Chinese investors are looking elsewhere.
Chinese direct investment globally was up by 29% in 2023, but investment in Australia was down by 36%.
While bi-lateral trade between Australia and China continues to grow, Chinese direct investment fell by 36% in 2023.
The 2023 results were the second lowest on record and came as China upped its direct investment in other competing developed economies by 29%, including to the US which attracted
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