Decorations for the Lunar New Year hang above a deserted China Town at the start of a five day lockdown in Melbourne, Australia, on Saturday, Feb. 13, 2021. - Bloomberg
SYDNEY, Feb 28 (Reuters): Chinese investment in Australia fell by 61% in 2020 to the lowest level recorded by the Australian National University in six years, coinciding with a worsening diplomatic dispute.
The annual tracking study from the university's East Asian Bureau of Economic Research recorded A$1 billion (US$783 million) of Chinese investment in 2020, consisting of real estate (45%), mining (40%) and manufacturing (15%) deals.
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