SYDNEY—Australia is not shut to Chinese investors but national security concerns and the protection of critical infrastructure are now key factors determining deal approvals, the head of its Foreign Investment and Review Board (FIRB) said on Thursday.
Chinese investment in Australia has fallen by over 50 percent to about A$12 billion ($8.86 billion) over the past four years, driven by stricter capital controls by Beijing, and by a deterioration of the relationship between the countries.
