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China overtakes US as Australia’s top foreign investors

Posted by seumasach on May 2, 2015

PressTV

1st May, 2015

China has surpassed the United States to become Australia’s largest foreign investor, official data show.

Australia’s Foreign Investment Review Board (FIRB) said in its annual report on Thursday that China spent over AUD 27.7 billion (USD 21.8 billion) in Australia’s market in the fiscal year that ended on June 30, 2014, far outstripping the United States and Canada with AUD 17.5 billion and AUD 15.4 billion, respectively.

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