Chinese Investments in Australia Plunge 36 Percent

Published on April 9, 2024

Chinese overseas direct investment (ODI) in Australia plunged to the second-lowest level since 2006, with healthcare overtaking mining as the key industry. Chinese ODI fell 36 percent to $1.34 billion (US$886 million) in 2023 from $2.1 billion in the prior year, according to the Demystifying Chinese Investment in Australia (April 2024) report (pdf), jointly published by the University of Sydney Business School and KPMG. “This reflects the shift in priorities for Chinese ODI, which is increasingly flowing towards Belt and Road Initiative countries as well as towards mining and processing ventures in alternative markets, such as Southeast Asia,” KPMG Australia’s Chinese Business Practice Partner and report co-author Helen Zhi Dent said....

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