Chinese investment in Australia plummeted 61% in 2020, the lowest number in six years.
The drop in investment comes amid a growing diplomatic rift between the two countries.The Australian National University's Chinese Investment in Australia Database (CHIIA) recorded just over $780m (A$1bn ; £550m) in investment.
Only 20 Chinese investments were recorded in 2020, well below the 2016 peak of 111.
Last year's decline came on top of a 47% drop from 2019, when Chinese investment totalled $1.57bn.
Chinese companies have invested across all sectors of Australia's economy in recent years, but last year they only bought into the real estate ($357m), mining ($321m) and manufacturing ($119m) sectors.
The drop is at least partly due to Australia's investment settings during the Covid-19 pandemic.