Australia relies heavily on foreign investment. However, investment that from China fell 36 per cent last year to A$8.2 billion and is likely to fall further this year as capital controls remain tight and the Chinese economy slows. Photo: Handout

Chinese investment in Australia faces litmus test with two new deals

  • Beijing-backed Mengniu Dairy on Monday made an offer to buy Bellamy’s, Australia’s top maker of milk formula
  • In the second deal, more than one Chinese party is expected to consider buying an engineering services business from Lendlease Group
Topic |   Australia

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Australia relies heavily on foreign investment. However, investment that from China fell 36 per cent last year to A$8.2 billion and is likely to fall further this year as capital controls remain tight and the Chinese economy slows. Photo: Handout
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