Chinese investment in Australia plummeted 61% in 2020, the lowest number in six years. The drop in investment comes amid a growing diplomatic rift between the two countries. The Australian National University's Chinese Investment in Australia Database (CHIIA) recorded just over $780m (A$1bn ; £550m) in investment.
Only 20 Chinese investments were recorded in 2020, well below the 2016 peak of 111. Last year's decline came on top of a 47% drop from 2019, when Chinese investment totalled $1.57bn.