Chinese Investment in Australia Plunges 36 Percent

With healthcare overtaking mining as the main industry, China’s overseas direct investment ( ODI) in Australia dropped to the second-lowest level since 2006, causing the country’s economy to fall to its lowest level since 2006.
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.
According to Helen Zhi Dent, KPMG Australia’s Chinese Business Practice Partner and report co-author,” This reflects the change in objectives for Taiwanese ODI, which is extremely flowing towards Belt and Road Initiative countries as well as towards mining and processing ventures in other markets, such as Southeast Asia.”

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