Chinese investment in Australia plunges as tensions mount

13 Sept 11:09 Key points summarised by AI

Chinese investment in Australia nearly halved in 2019, dropping to Aus$2.5 billion, marking the third consecutive year of decline and significantly exceeding the global fall in China's overseas ventures.
The sharp decline is primarily attributed to escalating political tensions, fueled by Australia's stricter foreign investment rules aimed at national security and its decision to exclude Huawei from its 5G network.
Bilateral relations further deteriorated following Australia's call for a probe into the coronavirus origins, prompting China to retaliate with tariffs on Australian products and discouraging tourism and student travel.
Experts emphasize the importance for Australia to address this continuing downward trend, as foreign investment is crucial for economic growth, underscoring the need to mend the strained relationship between the two countries.

Bai Lu meet-and-greet cancelled days after China’s safety warning

Today 15:28 Key points summarised by AI

Thailand's Tourism and Sports Minister announced the government will seek clarification from the Chinese Embassy regarding its recent travel advisory warning Chinese nationals about safety concerns in Thailand.
The travel advisory is anticipated to negatively impact the number of Chinese tourists visiting Thailand, despite recent increases in arrivals.
A meet-and-greet event featuring Chinese actress Bai Lu, a WeTV Global Ambassador, was abruptly cancelled just days after the Chinese Embassy issued its safety warning, though no official reason was provided.
The Chinese Embassy's advisory urged citizens to beware of job scams, fraudulent investments, suspicious travel arrangements, and the risk of illegal detention or being lured to the Thai-Myanmar border.
Chinese nationals were advised to verify job offers, use legitimate transport, avoid high-risk border areas, protect personal documents, and keep family informed of travel plans.