The plan was to profit from Chinese pandemic recovery, before signs emerged that all was not well
Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcast
With strong financial ties to China, Australia is bracing for impact as the country’s deepening economic woes threaten its trading partners.
Growth has stalled in China, as has foreign investment, at the same time as a property crisis worsens, with developers Evergrande and Country Garden facing severe financial difficulties.
More Stories
Europe will never return to Russian gas, European Commission insists
Majority of Australians think China will be world’s most powerful country by 2035, poll finds
Trump’s ‘revenge tax’ could threaten foreign investment into US, analysts say