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Professor Hans Hendrischke
The annual report, Demystifying Chinese Investment in Australia, covers investments into Australia made by corporates from the People’s Republic of China. The 2022 report shows relatively stable investment of around US$10 billion a year between 2011 to 2017, before falling consistently and considerably year-on-year to a low of US$0.6 billion in 2021.
The 170 percent rise in 2022 comprised of 11 completed transactions and was dominated by one large iron ore deal of over $1 billion, resulting from a long-established partnership between Rio Tinto and Baowu Steel Group.
Mining accounted for 86 percent of total investment inflows, including projects in iron ore, gold and lithium, while renewable energy accounted for 12 percent.
The remaining two percent was split between commercial real estate and technology investment.
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