Chinese investment in Australia in 2016 the highest since global financial crisis

Chinese investment in Australia last year

topped almost 11.5 billion US dollars, and was the highest since the

global financial crisis, according to a new report.

The

report by KPMG and the University of Sydney's China Studies Centrealso

said Australia retained its position as the second largest recipient of

Chinese Outbound Direct Investment, with data showing close to USD 90

billion of accumulated new investment since 2007.

Australia’s

commercial real estate continues to attract the most Chinese

investment, with asteady 10% increase in the amount of Chinese

investment each year since 2013.

The KPMG report

cited a couple of high profile knock backs to proposed Chinese

investment deals in energy and agriculture over national interest

concerns, and added Chinese investors want more clarity over any future

tightening of the country’s foreign investment rules.