Chinese-Australians report discrimination as Beijing, virus tensions mount

Ruben Hill
Марта 3, 2021

The drop in speculation comes in the midst of a developing conciliatory crack between the two nations. "UN data is measured differently, but the fall in Chinese investment to Australia was much larger".

According to a survey released by an Australian think tank, 18 percent of Chinese Australians say they have been physically threatened or attacked in the past year due to their ethnic background, and 37 percent of Chinese Australians reported negative treatment.

Unlike official data, the ANU figures include investment from Chinese subsidiaries already operating in Australia, and track investments rather than announcements of investments to come.

In previous years, Chinese investment was present in nearly every sector of the local economy - but in 2020, it was limited to real estate, mining and manufacturing.

A year ago's decrease went ahead top of a 47% drop from 2019, when $1.57bn.

The figures can well reflect some real problems in China-Australia relations, Wang said.

The government announced temporary measures in March that would subject every proposed investment to scrutiny by Australia's Foreign Investment Review Board (FIRB).

Previously, a review only applied for "non-sensitive" transactions if the investment was worth $930m, or $213m for investors from countries without a free trade agreement with Australia.

The goal of the review, which lasts from 30 days to six months, was to prevent distressed Australian assets from being acquired by foreign groups.

The Australian government also announced additional reforms to its foreign investment laws in July, which added a national security test and allowed the treasurer to cancel deals retrospectively.

In August, the Treasurer Josh Japanese refreshment goliath Kirin's Dairy and Drinks to China Mengniu Dairy.

Last April, Prime Minister Scott Morrison called for an independent inquiry into the origins of the virus, and China reacted with fury and warned of a boycott on Australian goods.

China's military build-up in the South China Sea is also an issue, along with Australian lobbying to restrict global infrastructure contracts by the Chinese firm Huawei. Sometimes, the taxes of wine have been over 200%. The tensions also impacted coal.

While China remains Australia's largest trading partner, political relations are at their lowest in decades.

Since then, China has doubled down on its attack, with Chinese state-owned media sharing a series of fresh cartoons and scathing editorials criticising Australia.

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