A recent KPMG and University of Sydney Business School paper has revealed Chinese investment is going strong, branching out into new industries like healthcare.
The report, Demystifying Chinese Investment in Australia, explains that Chinese investments in property and land picked up as mining investments went down, with 'mega deals' returning in 2017 - there were seven deals worth over $500 million or more.
There was over $15 billion in Chinese investments during 2015, amounting to an almost 60 per cent increase. This is only matched by the 2008 boom in the mining sector. Australia was the second-largest recipient of aggregated Chinese direct investments in the previous decade behind the United States.
- Commercial real estate was the main investment for the second year running - 45 per cent of deal volume.
- There is new interest in renewable energy, health, agriculture and agribusiness investment.
- New regions have emerged - $565 million has been invested in the Northern Territory for the first time, though New South Wales has the highest investment inflows, receiving nearly half of all Chinese investment dollars.