Chinese investment in Australia plunged by more than 60 per cent in 2020 as trade war rages – NEWS.com.au


Source: thecoalface.net.au thecoalface.net.au

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Tweet Chinas bitter battle with Australia has cost us billions, with investment plummeting to a record low in 2020.The clash between the two nations has been raging for years, beginning in 2018 when China-US relations fell to new lows and after Australia became the first country to bar Chinese smartphone giant Huawei from its 5G network due to top-secret national security concerns. Since then, the relationship has severely deteriorated – and now it seems China has had the ultimate revenge. According to…