News Snapshot:
Sydney (CNN Business) Trade ties between Australia and China worsened over the past year as the two countries became mired in a diplomatic dispute. Now it appears those problems, and the pandemic, are also hitting investment. Chinese investment in Australia plunged to just over 1 billion Australian dollars ($775 million) in 2020, down 62% from the previous year, according to a report released Monday by the Australian National University's Chinese Investment in Australia Database. That's also down nearly 94% from a peak of 16.5 billion Australian dollars ($12.8 billion) in 2016, according to the study. The countries are big economic...
