China slams Australia after $1.6b ‘nosedive’

China has hit out at Australia over its hypocritical trade practices, calling for “serious” reflection from Canberra on the “practical problems” Sino-Australian relations face.

On Monday, China’s Foreign Ministry spokesperson Wang Wenbin was pressed on a report from Australian National University’s Chinese Investment in Australia Database that revealed his country’s investment Down Under had plummeted by more than 61 per cent last year.

Mr Wang laid blame solely on Canberra, telling reporters…