Chinese investment in Australia surges 11.7pc as deals hit record US$11.5b

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Chinese investment in Australia surged 11.7 per cent last year to A$15.4 billion (US$11.5 billion) amid booming demand for agricultural assets and infrastructure, according to a latest report.
A record 103 deals were signed with Chinese companies in 2016, with 76 per cent of those reached with private firms, KPMG and the University of Sydney said in the report “Demystifying Chinese Investment in Australia.”
Australia, with a population of 24 million people and a land mass larger…

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