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China and the US Remain the Top Two Sources of Approved Investment for Australia

The Foreign Investment Review Board (FIRB) 2016–17 Annual Report showed Chinese investors were the largest source of foreign investment approvals by both value (A$38.9 billion) and number (9,714). The US was the second largest source of approvals by value, with A$26.5 billion worth of approved applications. Canada is growing as an important source of investment with A$23.2 billion worth of approvals in 2016–17, an increase of A$7.5 billion from 2015–16.