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Chinese Investors Pour Billions Into Australia

For the first time, China has become the main source of foreign investment in Australia, moving the United States into second place. Last year, wealthy Chinese investors poured $21.8 billion into Australia, while investment from the United States was worth $13.8 billion. The figures are contained in an annual report released by Australia’s Foreign Investment Review Board, which was set up to regulate overseas investments. Much of the interest from China has been focused on real...

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