Although Chinese investment in Australia has soared to its highest level, post-GFC, it still trails behind the US, and its growth is slackening against the Euro.
Figures from a new report by Sydney University and KPMG, Demystifying Chinese Investment in Australia, show that in 2016, Chinese investment grew by 12 per cent, to $15.4 billion. This makes Australia the second-top Renminbi investment destination.
Half of all Australia-directed Yuan was deposited in NSW, with Victoria and South Australia next most popular.
Co-author, Professor Hans Hendrischke of Sydney University Business School, said commercial real estate, infrastructure projects and health care attracted the most investment.