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Last year China's direct investment to Australia focused on just 20 projects in three sectors -- real estate, mining and manufacturing -- the fewest in a decade.(AP)

Chinese investment in Australia plunges due to souring relation, Covid-19 impact

AFP |
PUBLISHED ON FEB 28, 2021 04:04 PM IST
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.
Australia has a strong alliance with the United States, which includes working together on space research and programmes, while Canberra’s diplomatic and trade ties with Beijing have also been fracturing.(Reuters file photo)
Australia has a strong alliance with the United States, which includes working together on space research and programmes, while Canberra’s diplomatic and trade ties with Beijing have also been fracturing.(Reuters file photo)

China to lose access to Australian space tracking station

Reuters | By Reuters | Posted by Amrutha Kosuru
UPDATED ON SEP 21, 2020 02:16 PM IST
The Swedish state-owned company told Reuters it would not enter into any new contracts at the Australian site to support Chinese customers after its current contract expires. However, it did not disclose when the lease runs out.
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