sound development: The comments followed a report by KPMG on Monday showing a sharp decline in Chinese investment to Australia against an overall rising trend of Chinese overseas investment around the world, according to Global Times China. Chinese investment to Australia dropped a sharp 37.6 percent to 6.2 billion in 2018, its lowest level since 2011, the report said. Photo VCG Australia should see trade and investment ties with China in a positive light and promote sound development of the diplomatic relationship, as well as send a high-level delegation to attend the second Belt and Road Forum for International Cooperation to be held in Beijing later this month, Chinese analysts said on Tuesday. A marked decline in the willingness of Chinese state-owned enterprises to invest in Australia and the fact that much of the money allocated for the Belt and Road Initiative BRI was shifted to countries in Asia and Europe were behind the declining trend, media reported on Monday, citing Doug Ferguson, a partner at KPMG and author of the report. Experts pointed out that a robust trade relationship with China is one of the important reasons why the Australian economy has not experienced a recession for the past 27 years. Ning Tuanhui, an assistant research fellow with the China Institute of International Studies, told the Global Times on Tuesday that declining Chinese investment showed that Australia's investment environment has somewhat deteriorated and will be negative for Australia to sustain its economic growth.
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