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Australia Committed to Retaking Ownership of Darwin Port, Albanese Says ...
China threatens economic retaliation to protect Landbridge’s 99-year Darwin Port lease amid Australian government efforts to regain control for national security reasons.
- On Wednesday, Xiao Qian, Chinese ambassador to Australia, warned Beijing would be obliged to take measures if Landbridge's lease of Darwin Port is torn up, saying `we will see when it's time for us to say something, do something, to reflect the Chinese government's position and protect our Chinese company's legitimate interests`.
- During last year’s campaign, Prime Minister Anthony Albanese pledged to regain Darwin Port, which Landbridge secured in 2015 with a 99-year lease after paying A$506 million.
- Landbridge has invested heavily in Darwin Port, which returned a $9.6 million profit last year after a $37 million loss, and sits opposite the Larrakeyah Defence Precinct.
- Beijing signalled potential retaliation, saying `It has nothing to do with Australia`, Xiao Qian warned forcing Landbridge out could harm trade and investment with Chinese companies.
- He also warned there is 'no room for compromise' on Taiwan, and Xiao Qian framed the port dispute as a principle-driven issue, underscoring tensions in the Australia-China bilateral relationship.
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Bangkok Post+5 Reposted by 5 other sources
China's ambassador warns Australia on buyback of key port
SYDNEY - China will act to defend its companies' interests if Australia forcibly buys back control of the strategic northern port of Darwin, Beijing's ambassador has warned.
·Bangkok, Thailand
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Beijing Warns It Will ‘Take Measures’ If Australia Axes 99-year Chinese Lease
Beijing has threatened Australia saying it will retaliate if the Albanese Labor government proceeds with a plan to take back control of the Port of Darwin. Speaking to media in Canberra on Jan. 28, Chinese Communist Party (CCP) Ambassador to Australia Xiao Qian said they were “watching closely” as the federal government considered whether to break the current 99-year lease to Chinese company Landbridge and resume control. During the federal elec…
·New York, United States
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Total News Sources26
Leaning Left5Leaning Right7Center3Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
L 33%
C 20%
R 47%
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