광고

Australia says China's investment regulations will be a political stumbling block... The Chinese government is expressing strong dissatisfaction!

Investment in China and Australia plunged 61% last year.Analyze in the aftermath of political conflict

Eddy Kim | 기사입력 2021/03/04 [09:21]
ENGLISH
Aussie News
Australia says China's investment regulations will be a political stumbling block... The Chinese government is expressing strong dissatisfaction!
Investment in China and Australia plunged 61% last year.Analyze in the aftermath of political conflict
Eddy Kim
필자의 다른기사 보기 인쇄하기 메일로 보내기 글자 크게 글자 작게
기사입력: 2021/03/04 [09:21]
트위터 페이스북 카카오톡

<Australia Breaknews=Report By Eddy Kim>

 

Investment in Australia by China's big hands has been disrupted by political conflicts between the two countries. © Australia Break News

 

The internal feud over the Australian government's regulations on Chinese investment is expected to intensify.

 
Amid deepening political conflicts between China and Australia, China's investment in Australia fell 61% year-on-year last year to its lowest level in six years.

 

According to Reuters' report on the 28th (local time), citing data from the Australian National University's Institute of East Asian Economics (EABER), China's investment last year was 1 billion Australian dollars, consisting of real estate (45%), mining (40%) and manufacturing (15%).

 

Shiro Armstrong, director of the institute, said the decline was greater than the 42% drop in direct overseas investment measured by the United Nations worldwide amid the novel coronavirus outbreak.

 

"This reflects not only the pandemic effect, but also the Australian government's increased surveillance of foreign investment, especially China," he said.

 

Australia reorganized the Foreign Investment Act last year, allowing the government to have a veto or force the sale of the project if it poses a risk to national security.

 
Australian Finance Minister Josh Friedenberg said in June last year that national security tests would be applied to telecommunications, energy, power companies and data collection companies.

 

Chinese dairy giant Meng Niu said in August that it would give up its acquisition of Ryan Darey & Drink, an Australian subsidiary of Japan's Giraffe Holdings, after the Australian government hinted at blocking the merger.

 

The Chinese Embassy in Australia said in November last year that 10 investment projects in China were blocked based on national security.

 

Later, China imposed tariffs on Australian wines and barley, and restricted the unloading of Australian coal from Chinese ports.

 

China's investment in Australia peaked at 16.5 billion Australian dollars in 2016. By 2020, 86% of China's investment in Australia had come from its Australian subsidiary.

 

Conflicts with China over the Australian government's investment regulations, which have put forward national security, are expected to serve as an important variable in the international political landscape.

news2020@aubreaknews.com

 

ⓒ 호주브레이크뉴스. 무단전재 및 재배포 금지
트위터 페이스북 카카오톡
  • 도배방지 이미지

광고
광고
PHOTO News
메인사진
영국 에프에이글로벌 포렉스 카운티, 아시아ㆍ아메리카 지역 정조준! 송금서비스 및 대규모 M&A 출사표...
메인사진
Kang-ho Song, a leading Australian political sensation... "Politics is a purpose, not a goal.
메인사진
방탄소년단, `그래미 어워드` 후보 등극..."아미와 함께 쓰는 역사 될 것"
메인사진
Biden plans to announce his first Cabinet appointment on the 24th.Key positions, such as the Secretary of State, Defense and Finance, will be announced.
메인사진
Australia is looking to revive its economy with the Olympics?...declaration of official hosting of the Summer Olympics in '2032'.
메인사진
[화보]러블리즈 미주, “아직 보여드리지 않은 모습 많아..천천히·조금씩”
메인사진
임성재, 마스터즈 준우승 쾌거!...아시아 골퍼 중 최고 성적
메인사진
Fantagio in the dark clouds, 『Sudden Warning』! Concerns about 『Designation of Management Category』, Desperate Crisis...
메인사진
North Korea Possible Military ExploitationU.S. expert on Biden's declaration, possible ballistic missile test
메인사진
Trump's claim to be a reality? ...'0.3%p car' Georgia finally decides to recount.
메인사진
Australia to Review Allowing Covid 19 Low-Risk Countries to Enter with China...Korea is unknown!
메인사진
'Covid19' Vaccine Effect 90%...Pfizer clinical trial successful!
메인사진
U.S. presidential election, Biden 'win' for sure... It's not about winning or losing Pennsylvania.
메인사진
U.S. presidential election raises expectations with "October surprise"!
메인사진
Former U.S. Undersecretary of the Navy's writing ramifications! "There is a great possibility of China's attack on Taiwan on November 3rd."
메인사진
Feelux Group Donates 100 Million Won to Recover from Heavy Rain Damage!
ENGLISH 많이 본 기사