Victorian Premier Daniel Andrews says his decision to sign on to China’s Belt and Road Initiative (BRI) will help Victoria attract foreign direct investment (FDI) and promote business links with China. Is this actually so?
Launching the BRI agreement in October 2018, Andrews highlighted the trade and investment opportunities the BRI promised to deliver to the state. In the face of recent public criticism of the state signing on, when the Commonwealth did not, he defended his decision by citing trade data.
Let's look at the data
Over the last five years, exports to China have increased by 62%, tourists visiting Victoria increased by 70%, and the number of international students from China had grown by 50%.