Australian media: Chinese investors quickly abandon Australia

Australian Broadcasting Corporation reported on June 22 that the original topic: Chinese investors quickly abandoned Australia, but still holding a considerable number of infrastructure, land and water resources inhibit trade with the cold bilateral relations. Chinese investors are quickly giving Australia Australia Essence The new report shows that China's investment in Australia last year has decreased significantly by nearly 70%to the lowest level since 2007.

Research reports from the KPMG Accounting Firm and the University of Sydney show that in 2021, Chinese companies invested in Australia for Australia $ 778 million (1 yuan, about 0.216 A $ 0.216), and 2020 A $ 2.5 billion. At the peak of 2008, China urgently needed natural resources to boost the economy. Chinese investors throwing about 16.2 billion US dollars in Australia. The number of transactions last year was almost halved, from 20 in 2020 to 11. Four transactions -related to the acquisition of iron and lithium ore -accounted for most of China's investment inflow last year.

Since 2017, China's investment in Australia has declined sharply, but last year's results have shocked experts who follow this trend. Hans Hendrishk, a professor of Chinese business and management at the University of Sydney, said: "The current decline has really reached the inferior or very small level of investment from China. The Australian and New Government made a breakthrough in diplomacy, and the tone of China also changed significantly, but experts said that the return of Chinese investors may take time.

In recent years, Chinese investors have faced the double blows of domestic capital output, and the tightness of Australian regulatory agencies. Professor Hendrishk believes that the current geopolitical environment is also an obstacle. "Australia -China relations are not very good at present, and diplomatic relations are interrupted. In this case, we cannot promote or even approve more investment."

Despite a highly political atmosphere, Chinese investors still retain their Australian assets. Li Wei, a lecturer at the University of Sydney, said: "At present, it is mainly to wait and see."

Chinese enterprises regard Australia as a "test market" and obtain "Western experience" through investment in Australia. Analysts believe that a significant reduction in investment from China means that Australian companies may miss the opportunity to enter the Chinese market, including the opportunity to enter the Chinese market. Driven by the "going out" strategy initiated by the Chinese government at the beginning of this century, Chinese enterprises were encouraged to invest abroad. Australian National Bank senior economist Jerald Berg said: "In the past 10 years, China has become one of the world's largest foreign investors." "This is a conscious decision. Initially, investment concentrated in the field of resources ... … But recently, it has been far away from these investment targets, and more shift to technology and other fields. "With the intensification of geopolitical competition between China and the United States, the interest of Chinese enterprises' interest in Australia from Australia has shifted from a large acquisition to safe assets. In the past two years, about 1/3 of the investment has been commercial real estate.

The report also found that Chinese companies are flowing to Europe and countries related to the "Belt and Road" initiative. Pirchamun Yue Fan Tong, a senior lecturer at the University of New South Wales, said: "As our Australia is discussing how to reduce dependence on China, China has also begun to reduce dependence on Australia and realize diversification." (Author Samuel Yang, Qiao Heng, Qiao Heng Translate)

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