News Snapshot:
Chinese investment in Australia plunges as relations sour Updated 1 hour 9:00PM While China remains Australia’s largest trading partner, political relations are at their lowest in decades. – EPA pic, February 28, 2021. CHINESE investment in Australia plunged almost two-thirds last year to less than US$1 billion (RM4.05 billion) as the impact of coronavirus was compounded by increasingly fraught relations between the two countries. The reading marks the fourth straight drop and is just a fraction of the US$13 billion injected into the country in 2016, with Canberra growing increasingly wary of the Asian superpower’s intentions.
