News Snapshot:
Chinese investment in Australia plunges as relations sour, virus bites By AFP Chinese investment in Australia plunged almost two-thirds last year to less than US$1 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 $13 billion injected into the country in 2016, with Canberra growing increasingly wary of the Asian superpower’s intentions. Data from the Australian National University released Sunday showed direct investment plunged to US$800 million last year, from US$2.05 billion in 2019. The pandemic has almost halved...
